Judge Consolidates JPMorgan Spoofing Suits, Taps Counsel

By Rachel O'Brien (October 9, 2020, 8:48 PM EDT) -- A New York federal judge on Friday consolidated seven proposed class actions alleging JPMorgan Chase has been illegally spoofing the futures market since 2009 and appointed Lowey Dannenberg PC and Kirby McInerney LLP as interim lead co-counsel.

The two firms were vying with Nussbaum Law Group PC and Kessler Topaz Meltzer & Check LLP to lead the suit that combined the several actions filed after JPMorgan acknowledged it was being investigated for trading practices.

When JPMorgan filed its annual Form 10-K for 2019 with the U.S. Securities and Exchange Commission on Feb. 25, it admitted that "various authorities, including the [U.S....

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