LOS ANGELES -- May 15, 2012
Glancy Binkow & Goldberg LLP 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 persons or entities who purchased the common stock of
JPMorgan Chase & Co. (“JPMorgan” or the “Company”) (NYSE:JPM) between April
13, 2012 and May 11, 2012, inclusive (the “Class Period”), seeking to pursue
remedies under the Securities Exchange Act of 1934. JPMorgan is a financial
holding company that provides various financial services worldwide.
The Complaint alleges that during the Class Period the defendants issued
materially false and misleading statements concerning the Company’s operations and financial prospects. Specifically, defendants misrepresented and/or failed to disclose that the Company’s Chief Investment Office had engaged in extremely risky and speculative trades that exposed JPMorgan to significant losses.