May 10, 2016
JPMorgan Chase & Co. will pay $150 million to settle fraud allegations tied to its "London Whale" trading debacle, after a New York federal judge gave final approval to the class action settlement on Tuesday morning.
May 04, 2016
Investors who sued JPMorgan Chase & Co. over alleged fraud tied to the bank's "London Whale" trading disaster asked a New York federal judge to finalize their $150 million settlement on Tuesday, saying that the class overwhelmingly supports the deal.
April 06, 2016
Grant & Eisenhofer PA, Bernstein Litowitz Berger & Grossmann LLP and Kessler Topaz Meltzer & Check LLP have told a New York federal judge that they should be awarded $31.5 million from a $150 million settlement reached in litigation tied to JPMorgan Chase & Co.'s disastrous $6 billion “London Whale” trading fiasco.
January 19, 2016
Manhattan U.S. District Judge George B. Daniels granted preliminary approval Tuesday to a $150 million settlement that would end civil fraud litigation tied to JPMorgan Chase & Co.'s disastrous $6 billion "London Whale" trading fiasco, setting a May deadline for objectors to come forward.
December 18, 2015
JPMorgan Chase & Co. will pay $150 million to end a class action accusing the bank of misleading investors about the riskiness of derivatives trading before the $6 billion "London Whale" trading fiasco, according to a proposed deal filed in New York federal court Friday.
September 29, 2015
JPMorgan will have to face a class of potentially hundreds of thousands of investors accusing the bank of misleading them about the riskiness of derivatives trading before the $6 billion "London Whale" trading fiasco, a New York federal judge ruled Tuesday.
May 28, 2015
A Manhattan federal judge said Thursday that investors claiming fraud over JPMorgan Chase & Co.'s $6 billion "London Whale" trading fiasco would not be able to amend their class action lawsuit to include CEO Jamie Dimon's 2012 comment that "we don't make huge bets."
May 19, 2015
JPMorgan Chase & Co. asked a New York federal judge on Monday to turn aside a class certification bid in a suit over the bank's $6 billion "London Whale" trading fiasco, saying the investor plaintiffs are treating certification as a "rote exercise."
March 25, 2015
New York-based federal prosecutors on Tuesday asked for a limited pause on discovery in a lawsuit brought by JPMorgan Chase & Co. investors over the bank's $6 billion "London Whale" trading fiasco, arguing that two overseas criminal defendants could use the case to improperly gain access to evidence.
February 13, 2015
JPMorgan Chase & Co. investors suing over the bank's $6 billion "London Whale" trading fiasco urged a New York federal judge on Friday to certify a class of as many as hundreds of thousands of shareholders.