Ex-JPMorgan Trader's Atty Says 'London Whale' Got Off Easy

Law360, New York (September 17, 2013, 5:32 PM ET) -- An attorney for one of two former JPMorgan Chase & Co. employees charged with concealing losses during the $6 billion “London Whale” incident sharply criticized the U.S. Department of Justice on Tuesday for reaching a nonprosecution deal with Bruno Iksil, the trader at the center of the blowup.

Hughes Hubbard & Reed LLP partner Edward Little issued a lengthy statement slamming the charges against his client Julien Grout, a former JPMorgan trader. Grout and Javier Martin-Artajo, another former trader, were charged Aug. 14 with masking the...
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