JPMorgan Can’t Justify Withholding E-Mails, U.S. Says

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JPMorgan Chase & Co. must disclose 25 e-mails sought in an energy-market manipulation probe, the U.S. Federal Energy Regulatory Commission told a judge, arguing there is no evidence they contain privileged legal advice.

JPMorgan made similar attorney-client privilege claims for 28 other e-mails that were later turned over to regulators, the U.S. said in court papers. Some of the earlier messages said “Great job compliance,” “Are you being sarcastic?” and “Plse call ASAP,” according to the filing.