JPMorgan Chase & Co. Breach of Fiduciary Duty Investigation Announced by
Gilman Law LLP
BOSTON -- May 14, 2012
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”) (NYSE:JPM)
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
email@example.com, or by visiting the JPMorgan Chase & Co Losses
Website Article and completing the Free Consultation Form Online.
About Gilman Law
The experienced securities attorneys of Gilman Law LLP have over 33 years of
experience in securities law and have been involved in all major aspects of
securities litigation. Our securities lawyers focus on cases involving stock
manipulation, securities fraud, investments fraud, shareholder rights
violations, and securities arbitration.
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Gilman Law LLP
Kenneth G. Gilman, 888-252-0048
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