Business
Wire
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.
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