JPMorgan, Dimon Must Face 'London Whale' Suit, Judge Says

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JPMorgan, Dimon Must Face ‘London Whale’ Suit, Judge Says

JPMorgan, Dimon Must Face ‘London Whale’ Suit, Judge Says

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LAW360-

A New York federal judge on Monday refused to dismiss JPMorgan Chase & Co. and CEO Jamie Dimon from a shareholder class action over the bank’s $6 billion “London Whale” trading fiasco.

U.S. District Judge George B. Daniels denied a request by JPMorgan, Dimon and former bank finance chief Douglas Braunstein to be dismissed from the suit. The judge said the plaintiffs had adequately alleged that public statements by Dimon and Braunstein about the trades during an April 2012 earnings conference call “were materially false and…

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image: AP

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One Response to “JPMorgan, Dimon Must Face ‘London Whale’ Suit, Judge Says”

  1. GuyFawkesLives says:

    Dimon’s head on a pike….is all the public is asking for. Why is that so difficult?

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