Business & Finance
Business and Finance
Business and Finance
Thu, May 24, 2012
Wed, May 23, 2012 Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $1 Million Investing in JPMorgan Chase & Co. to Cont
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of... -- NEW YORK, May 23, 2012 /PRNewswire/ --
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $1 Million Investing in JPMorgan Chase & Co. to Contact the Firm
NEW YORK, May 23, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at JPMorgan Chase & Co. ("JPMorgan" or the "Company") (NYSE: JPM).
(Logo: [ http://photos.prnewswire.com/prnh/20120119/MM38856LOGO ] )
The investigation seeks to determine whether JPMorgan issued materially false and misleading statements regarding certain securities trading by the Company's Chief Investment Office ("CIO"). Specifically, whether JPMorgan misrepresented and/or failed to disclose that the CIO had engaged in extremely risky and speculative trades that exposed JPMorgan to significant losses.
On May 10, 2012, JPMorgan filed its Form 10-Q for the quarter ended March 31, 2012, with the SEC. After the market closed, JPMorgan held a conference call with analysts and investors to discuss the Form 10-Q, in which the Company revealed that it had sustained a multi-billion dollar trading loss. In response to this disclosure, the price of JPMorgan stock declined from $40.74 per share to $36.96 per share on extremely heavy trading volume.
Request more information now by clicking here: [ www.faruqilaw.com/JPM ].
Take Action
If you purchased JPMorgan securities between April 13, 2012 and May 11, 2012 and would like to discuss your legal rights, visit [ www.faruqilaw.com/JPM ]. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [ rgonnello@faruqilaw.com ] or [ fmcconville@faruqilaw.com ]. Faruqi & Faruqi, LLP also encourages anyone with information regarding JPMorgan's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[ rgonnello@faruqilaw.com ]
Francis McConville, Esq.
[ fmcconville@faruqilaw.com ]
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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