March 31, 2014
A New York federal judge on Monday refused to dismiss JPMorgan Chase & Co. and CEO Jamie Dimon from a shareholder class action over the bank's $6 billion "London Whale" trading fiasco.
August 13, 2013
Investors suing JPMorgan Chase & Co. over its $6.2 billion "London Whale" loss on Monday lambasted the bank's attempt to toss the consolidated class action, arguing that JPMorgan lied about its main risk management unit, which was actually a high-risk, unregulated trading desk.
June 11, 2013
JPMorgan Chase & Co. urged a New York judge on Tuesday to toss a consolidated securities class action over its $6.2 billion "London Whale" loss, saying allegations that it misled investors about its risk management practices were an attempt to plead "fraud by hindsight."
May 16, 2012
JPMorgan Chase & Co. investors hit the bank with securities fraud class actions this week over its $2 billion loss in a botched hedging strategy, and legal experts say the potential damages to both the bank's bottom line and reputation could be significant.