JPMorgan Not Yet A Target For Gun-Shy DOJ, Experts Say

Law360, New York (March 15, 2013, 9:09 PM EDT) -- The congressional fury over JPMorgan Chase & Co.’s disastrous "London Whale" trade signaled lawmakers' desire to rein in big banks seen as too big to jail, but holding JPMorgan criminally liable for misleading regulators would be a rare step for the U.S. Department of Justice, experts say.

Damning remarks from a Senate subcommittee Friday left little doubt that many in Congress are gunning for the DOJ to hold the bank executives accountable for misleading regulators and investors about the bank's $6.8 billion derivatives losses.

JPMorgan's supposedly...
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