JPMorgan, Plaintiffs Ask Judge To Stay Discovery

Law360, New York (September 6, 2007, 12:00 AM EDT) -- The directors of JPMorgan Chase & Co. and the shareholders suing them over a 2004 merger that was allegedly mismanaged at a cost of $7 billion have both requested a temporary stay on discovery, hinting that a settlement may be in the offing.

Plaintiffs and defendants filed a joint motion Monday in the U.S. District Court for the Northern District of Illinois asking that fact discovery, in which both parties have engaged since April 2006, be stayed until Oct. 30. Fact discovery had been scheduled to...
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