Wednesday, May 16, 2012

And another.. Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against JPMorgan Chase & Co.

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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