JPMorgan Hit With Derivative Suit Over $20B In Fines

Law360, New York (January 24, 2014, 5:00 PM EST) -- 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...
To view the full article, register now.




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


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.