JPMorgan Hit With Derivative Suit Over $20B In Fines

Law360, New York (January 24, 2014, 5:00 PM ET) -- JPMorgan Chase & Co. and its directors were hit with a derivative suit in California federal court on Tuesday over the $20 billion worth of fines the bank has paid over the past year for nearly a decade's worth of alleged wrongdoing, including the fraudulent sale and marketing of mortgage-backed securities.

The complaint, filed by shareholder Bradley P. Miller, lambasted the bank’s leadership for creating a culture of risk that led to the “London Whale” trades, manipulating the energy market, selling and marketing subprime mortgage loans...
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Case Information

Case Title

Miller v. Bell et al

Case Number



California Eastern

Nature of Suit

160(Stockholders Suits)

Date Filed

January 23, 2014


Law Firms Mentioned

Companies Mentioned

Government Agencies Mentioned

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