JPMorgan 'London Whale' Traders To Be Deposed Overseas

Law360, New York (October 21, 2015, 2:48 PM EDT) -- Two former JPMorgan employees who are living overseas are not required to appear in the U.S. for depositions over the bank's $6 billion "London Whale" trading loss, a New York federal judge said Wednesday, potentially sparing them from arrest on criminal charges.

During a hearing in Manhattan court, Judge George Daniels said he would allow former JPMorgan Chase & Co. traders Javier Martin-Artajo and Julien Grout to sit for depositions in their home countries of Spain and France, respectively. The U.S. Securities and Exchange Commission had requested that the interviews take place in New York, where the defendants are subject to...

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