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Fri, May 18, 2012
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against JPMorgan Chase & Co.


Published on 2012-05-17 18:40:50 - Market Wire
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BENSALEM, Pa.--([ ])--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of JPMorgan Chase & Co. (aJPMorgana or the aCompanya) (NYSE:JPM) between April 13, 2012 and May 11, 2012, inclusive (the aClass Perioda).

JPMorgan is a financial holding company that provides various financial services worldwide. On May 10, 2012 the Company revealed that JPMorgan had sustained a multibillion dollar trading loss as a result of a risky strategy to hedge the Companyas credit exposure. In response to this disclosure, JPMorganas stock price declined from $40.74 per share to a closing price of $36.96 per share on extremely heavy trading volume.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased JPMorgan common stock between April 13, 2012 and May 11, 2012, you have certain rights, and have until July 13, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].

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