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29 Jul, 2008 1:00 pm by Kimberly A. Kralowec
... the court reversed an order granting nationwide class certification of "a class of citizens who have been delayed in reentering the United States from abroad as a result of watch lists maintained by the Department of Homeland Security." [Via How Appealing] In Larson v. JP Morgan Chase & Co., ___ F.3d ___ (7th Cir. Jun. 23, 2008), the court discussed American Pipe tolling (among other interesting topics).
The UCL Practitioner - http://www.uclpractitioner.com/
18 Mar 8:00 am by Rachel Taylon
... ECA v. JP Morgan Chase Co., 553 F.3d 187 (2d Cir. 2009), the Second Circuit Court of Appeals dismissed a securities fraud claim ... pleading requirements of the Private Securities Litigation Reform Act. Plaintiffs alleged that JP Morgan Chase ("JPMC") created an entity called Mahonia to facilitate disguised loan transactions ... securities fraud claim. Additionally, the court held that neither the Defendant's desire to secure above-market fees for the benefit of shareholders, nor Chase's acquisition of JP ...
The Race to the Bottom - http://www.theracetothebottom.org/home/
28 Jan 4:10 am by Michael J. Hassen
/**/ District Court Properly Dismissed Securities Fraud Class Action Against JP Morgan Chase because Misrepresentations Underlying Class Action were not Material and Class Action ... Reform Act (PSLRA) Second Circuit Holds Plaintiffs filed a class action against JP Morgan Chase (JPMC) and two of its officers alleging violations of federal securities laws; the class ... stock and ultimately led to a collapse of JPMC's share price." ECA v. JP Morgan Chase Co., ___ F.3d ___ (2d Cir. January 21, 2009) [ ...
Class Action Defense Blog - http://classactiondefense.jmbm.com/
18 Jan, 2007 1:54 pm
... to analysts, 2007 is looking "modestly better than expected" for JP Morgan Chase. Meanwhile, Wells Fargo & Co, the fifth largest bank in the country, reported a 13% ... every quarter," he said. He also said that the integration of the bank branches JP Morgan Chase had acquired from Bank of New York was going well. The branches were traded ... , and the sale of their insurance business last July. Card services for JP Morgan Chase rose to $719 million from $302 million during the 4th quarter in 2005. ...
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
24 Mar, 2008 5:34 pm
Following JP Morgan Chase & Co's acquisition of Bear Stearns Companies Inc., JP Morgan Chase Chief Financial Officer Michael Cavanagh says ... accompanied by shareholder consent, had approved of a financing plan that allowed JP Morgan Chase & Co. to extend up to $30 billion in nonrecourse lending to the combined entity ... Stearns. The vote by Federal Governors to allow the loans was unanimous. The loans gives JP Morgan Chase assurances over $30 billion worth of assets, including subprime lending ...
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
13 Sep, 2008 10:24 pm
... two reasons. First, it marked the beginning of a remarkable strategic shift that helped J.P. Morgan, virtually alone among the big diversified banks, sidestep the worst of a historic credit crisis ... down far less than Bank of America (-37%) or Citigroup (-59%), and JP Morgan Chase's market cap is now virtually equivalent to that of Bank of America and some ... your feelings hurt, you can't work here," says [Steve] Black [co-head of the investment bank]. "Jamie will apologize, then do the same thing two ...
Adam Smith, Esq. - http://www.bmacewen.com/blog/
12 Jun, 2008 4:53 pm
In the U.S. District Court for the Southern District of New York, former JP Morgan Chase and Credit Suisse investment banker Hafiz Muhammed Zubair Naseem was sentenced to 10 years in prison ... Co., Caremark Rx Inc., Hydril Co., Trammell Crow Co., Jacuzzi Brands Inc., Veritas DGC Inc., Energy Partners Ltd., and Northwestern Corp. Insider information from JP Morgan Chase dealt with possible transactions in Engineered Support Systems, Computer Science Systems, Alliance Data Systems, K2 Inc., Education ...
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
16 Feb, 2007 12:08 pm by Michael J. Hassen
... federal securities class action lawsuits (two in Delaware and one in Illinois) were filed against JP Morgan Chase alleging fraudulent misrepresentations relating to its merger in 2004 with Bank One Corp. In re JP Morgan Chase & Co. Securities Litig., 452 F.Supp.2d 1350, 1351 (Jud.Pan.Mult ... which is the earliest filed of the three actions, is more procedurally advanced than the two Delaware actions." Id. Download PDF file of In re JP Morgan Chase Transfer Order
Class Action Defense Blog - http://classactiondefense.jmbm.com/
11 Apr, 2007 12:19 am
... District Court for the Southern District of New York told J.P. Morgan Chase &Co. shareholders that they cannot hold the investment bank responsible for securities ... up its debt so it wouldn't have to appear on its balance sheet. JPM Chase allegedly was paid "exorbitant advisory fees" by Enron in exchange for its help. It also allegedly ... successful track record for helping investors recover their losses. Related Web Resources: Enron Suit Against JP Morgan Dismissed, Forbes.com, March 30, 2007 ...
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
5 Mar 12:06 pm
... a number of investment banks, credit rating agencies, and underwriters, including Wells Fargo, WFASC, Morgan Stanley & Co., Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Bear Stearns & Co., Countrywide Securities Corp., Deutsche Bank Securities Inc., JPMorgan Chase Inc., Bank of America Corp., Citigroup Global Markets Inc., McGraw-Hill Cos., Moody's Investor Services Inc., and Fitch Ratings Inc., over allegations that they made false statements ...
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
24 Oct 9:41 pm
... it seem as if auction-rate securities were as liquid as cash. Michigan is not the first state that JPMorgan Chase & Co. has settled with over allegations that it misled clients about ARS. In August 2008, JP Morgan Chase, along with Morgan Stanley, agreed to give back more than $ ... Settlement with JPMorgan Chase, MichNews.org, October 8, 2009 Cuomo Settles JP Morgan, Morgan Stanley ARS Claims, CFO, August 14, 2008 Michigan Office of Financial and Insurance Regulation
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
9 May 6:00 am by Richard Jasik
... some of the effects of these rules when looking at the director compensation table from the JP Morgan Chase & Co. (JPM-NYSE) 2009 proxy statement. According to the proxy statement, ... Chase's board met eighteen times in 2008, and each director attended at least 75% of the total board meetings and committees on which he or she ... compensation Director Tenure. Five of the board members have served on the board of JP Morgan Chase or a predecessor company for over ten years. Mr. Raymond has the longest ...
The Race to the Bottom - http://www.theracetothebottom.org/home/
21 Jan, 2005 7:39 pm by Gretchen E. Moore
[JURIST] The second largest bank in the nation, JP Morgan Chase & Co. [corporate website], has publicly disclosed that two of its predecessor banks had received thousands of slaves as collateral prior to the Civil War. JP Morgan offered a formal apology letter Thursday and said it was creating a $5 million dollar scholarship fund for African-American students from Louisiana. The discovery was
JURIST - Paper Chase - http://jurist.law.pitt.edu/paperchase/
31 Oct, 2008 9:20 pm by Jordan E. Bublick, Bankruptcy Attorney
Various media report today that JP Morgan Chase has announced new efforts to help homeowners avoid foreclosure. CNNMoney.com reported that "JPMorgan Chase unveiled a bold new foreclosure prevention program" while Forbes ... loans or conversion to 10 year interest-only loans with principal deferment,with an aspect of loan forgiveness. CNNMoney.com also notes that Chase's program is similar to that offered by Bank of America to the troubled Countrywide loans it acquired. Reportedly Bank of America is ...
Miami Florida Bankruptcy Law - http://jbublick.blogspot.com/
24 Mar, 2008 8:00 pm by Gordon Smith
... investigative work over at Dealbreaker, which quotes the following exchange between an analyst and Steve Black, the co-head of JP Morgan's investment banking division, taken from the transcript of a conference call on the Sunday night that the ... Liabilities of the Covered BSC Entities guarantied hereunder or the obligations of the Guarantor hereunder with respect thereto. This provision obligates Morgan to stand behind the guarantee, even if Bear's shareholders reject the deal, as long as Bear's ...
Tags: MA
Conglomerate - http://www.theconglomerate.org/
28 Apr 7:37 am by Randy Wilson
... Court. The named plaintiffs say Chase charged $403 for 20 days coverage, which it bought from its own subsidiary or affiliate, American Security Insurance Co. That works out to $7,300 a year for coverage for which they were paying $500 annually. They claim more than 100,000 people could be affected. " Complaint courtesy Courthousenews Posted in Company News, Lawsuits Tagged: American Security Insurance, class action, homeowners insurance, JP Morgan Chase
Reading Tea Leaves - http://rlwilsonconsulting.wordpress.com
3 Jan, 2005 12:09 am by Two-Seventy-One Patent Blog
... . Generally speaking, this is already the way that credit card transactions are processed and, increasingly, the way that paper checks are handled, too. Among the dozen or so companies that DataTreasury has sued are JP Morgan Chase & Co., one of the biggest banks; the First Data Corp., the biggest credit card processor; and the Electronic Data Systems Corp., another big processor. The suits are wending their ways through courts in ...
Two-Seventy-One Patent Blog - http://271patent.blogspot.com
29 Jan 12:27 am
... Exposure ECA and Local 134 IBEW Joint Pension Trust of Chicago, plaintiffs-appellants v. JP Morgan Chase Co., defendant-appellee NEW YORK COUNTY Government Department of Insurance's Denial of Disclosure Of Exempt Financial Information Upheld Matter of Aurelius Capitla Management LP v. Dinallo NEW ... ' Case Over Custody Hurdles Matter of Alex LL v. Dep't of Social Servs. of Albany Co. U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Employment Effort to Invalidate Noncompete Clauses ...
New York Supreme Court Criminal Term Library Blog - http://www.bloglines.com/blog/PLL
18 Jun 9:20 am
... particularized allegations of knowledge or recklessness. This standard had been, and still is, applied by the Second Circuit even after Tellabs. See, e.g., ECA & Local 134 IBEW Joint Pension Trust of Chi. v. JP Morgan Chase Co., 553 F.3d 187, 198-99 (2d Cir. 2009). In Avaya, the Third Circuit parted ways with the Second Circuit and held that, under Tellabs, allegations of motive and opportunity, standing alone, were insufficient to ...
Corporate Securities Law Blog - http://www.corporatesecuritieslawblog.com/
8 Mar, 2007 5:30 am by J. Robert Brown
... re J.P. Morgan Chase & Co. S'holder Litig., 906 A.2d 808 (Del. Ch. 2005), two directors of JP Morgan Chase were ... . One director, for example, had been the chairman of the board of Wyeth until 2003. JP Morgan served as the indenture trustee for $4.5 billion in debt securities issued ... court to provide a "reasonable doubt" about independence. The Delaware court dismissively concluded that JP Morgan Chase "is a national commercial and investment bank. That it provided financing to large American ...
The Race to the Bottom - http://www.theracetothebottom.org/home/
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