Request Legal Help Now - Free


JPMorgan Chase & Co. JPM Securities Lawsuit

Company: JPMorgan Chase & Co.
Ticker Symbol: JPM
Class Period: Jan-1-07 to Jul-13-12
Date Filed: Jul-13-12
Lead Plaintiff Deadline: Sep-11-12
Court: Supreme Court of the State of New York
New York, NY: A securities class action lawsuit was filed on July 13, 2012 in the Supreme Court of the State of New York against JPMorgan Chase & Co. ("JPMorgan"). JPMorgan, unbeknownst to its customers, has directed its clients into its own JPMorgan funds even when those funds were not suitable investments.

JPMorgan did so to earn increased fees at the expense of their clients. As a result of Defendant's conduct, the Securities and Exchange Commission ("SEC"), the Financial Industry Regulatory Authority ("FINRA"), the Manhattan district attorney, and officials in New Jersey and Delaware are investigating Defendant's sales practices. All current or former JPMorgan clients who invested in JPMorgan mutual funds from January 1, 2007 through the present are eligible to participate in the suit.

The lawsuit seeks to recover (1) all fees paid to JPMorgan in connection with purchases of JPMorgan's proprietary funds and investments, (2) all ongoing management fees collected by JPMorgan on client portfolios that contained positions in JPMorgan proprietary funds and investments, (3) all other fees that JPMorgan received as a results of its clients' investments in JPMorgan proprietary funds and investments, and (4) compensatory, consequential, and punitive damages recoverable at law, equity, or under N.Y. GBS Law Sections 349 and 350.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

JPMorgan Chase & Co. JPM Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible JPMorgan Chase & Co. securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.
Published on Jul-16-12


Please read our comment guidelines before posting.

Note: Your name will be published with your comment.

Your email will only be used if a response is needed.

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free