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J.P. Morgan $2 Billion Loss under Investigation by Finkelstein Thompson LLP


Published on 2012-05-11 10:01:39 - Market Wire
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WASHINGTON--([ ])--J.P. Morgan Chase & Co. (NYSE: JPM) has suffered $2 billion or more in trading losses, according to breaking news reports. A May 11, 2012 Wall Street Journal article indicates the alosses stemmed from wagers gone wrong in the bank's Chief Investment Officea and involved losses in derivative positions. Following this revelation, J.P. Morgan shares fell dramatically in value.

"flawed, complex, poorly reviewed, poorly executed and poorly monitored"

In a conference call on May 10, 2012 J.P. Morganas chief executive stated the trading strategy leading to the losses was aflawed, complex, poorly reviewed, poorly executed and poorly monitoreda and characterized the mistake as aegregiousa and aself-inflicted.a Other observers stated that what areally hurta was athe hit to the bankas areputational premium.aa The New York Times further revealed that United States and British regulators had been in discussions with J.P. Morgan for almost a month about the trading group suffering the losses.

The law firm of Finkelstein Thompson LLP is investigating claims on behalf of J.P. Morgan shareholders regarding the trading strategy and resulting losses. If you are interested in discussing your rights as a J.P. Morgan shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our website at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.

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