BOSTON, May 14, 2012 (BUSINESS WIRE) -- The Investment Losses and
Shareholder Rights Law Firm of Gilman Law LLP is investigating potential claim
for Breach of Fiduciary Duty on behalf of JPMorgan Chase & Co. Shareholders
("JPMorgan" or the "Company") involving the 2 billion dollar
trading loss. According to a May 10, 2012 SEC filing, JPMorgan stated that the
company's "CIO has had significant market-to-market-losses in its
synthetic credit portfolio, and this portfolio has proven to be riskier, more
volatile and less effective as an economic hedge than the firm previously
believed." Additionally, a May 11, 2012 Wall Street Journal article
indicates that the "losses stemmed from wagers gone wrong in the bank's
Chief Investment Officer and involved losses in derivative positions."
Following this news, the company's shares plummeted in value.
JPM Investors who purchased or otherwise acquired JPMorgan shares and
currently hold those shares are encouraged to contact our Investment Loss and
Shareholder Rights Attorneys for a free consultation and case review to discuss
their rights to recovery or claims. Investors may contact our securities
lawyers by phone at (888) 252-0048, by email at consultations@gilmanlawllp.com,
or by visiting the JPMorgan Chase & Co Losses Website Article and completing
the Free Consultation Form Online.
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