Ohio Files Motion to Lead JPMorgan ‘Whale’ Fraud Suit
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Ohio Attorney General Mike DeWine filed a motion seeking to lead a proposed class-action lawsuit against JPMorgan Chase & Co. involving the activities of a U.K. trader known as the “London Whale.”
Ohio pension funds lost more than $27.5 million due to the alleged fraud, DeWine’s office said today in a statement. Spokesman Dan Tierney, speaking in a telephone interview, said the state is seeking lead plantiff status in the case because of “the size of the losses.”