Search for: "JP Morgan Chase Bank"
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30 Sep 8:27 am
... a federal lawsuit in the southern District of Ohio against New York based JP-Morgan
Chase Bank alleging the bank sexually discriminated against
women and fired one after she complained about their practices at an office in Colombus, Ohio. According to the EEOC's complaint, Aimee Doneyhue ... work environment which was created,
fostered, and maintained by male supervisors." The complaint also alleges that JP-Morgan did not take
proper action to correct the harassment and made it much ...
28 Jan 6:00 am
In Hauk v. JP Morgan Chase Bank USA, ___ F.3d ___ (Jan. 23, 2009), the Ninth Circuit held that the defendant's compliance with the Truth-in-Lending Act (15 U.S.C. §§1601-1667f) and Reg.
Z (12 C.F.R. Part 226) did not create a Cel-Tech "safe harbor" for the defendant's other conduct or support the trial court's order granting summary judgment of the UCL claim in the
defendant's favor. Slip op. at 835-40.
16 Feb 3:41 am
... 's Unfair Competition Law (UCL) and False Advertising Law (FAL). Hauk v. JP Morgan
Chase Bank USA, ___ F.3d ___ (9th Cir. January 23, 2009) [Slip Opn., at 827]. The class action
complaint asserted that plaintiff opened a Chase credit card, subject to a Cardmember Agreement (CMA), and later took advantage of a " ... "
that promised a promotional fixed 4.99% APR by transferring $10,000 to his Chase card. Id., at 825. According to the allegations underlying the
class action, the CMA allowed Chase to ...
18 Jan, 2007 1:54 pm
... 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 ... there would be losses in the coming quarters as well as higher loan delinquencies. In the investment bank's retail financial
services, net income decreased from $803 million to $718 ... 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. ...
13 Sep, 2008 10:24 pm
... 31, 2007, is down far less than Bank of America (-37%) or Citigroup (-59%), and JP
Morgan Chase's market cap is now virtually equivalent ... not a joke). And in October 2006, during
the regular monthly review of the retail bank's operations, the head of mortgage servicing said that late payments on subprime loans ... their
books, and to stop making markets in subprime loans for customers. The private bank, that manages money for wealthy clients, started advising
them to sell. The corporate treasury ...
24 Mar, 2008 5:34 pm
... Reserve, 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 ... 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 ... emergency lending rate. The Fed's move followed JPMorgan's change in offer
to buy Bear Stearns shares at $10/share instead of $2/share. JP ...
28 May, 2008 9:42 am
According to Charles Gasparino of CNBC.com, JP Morgan Chase
has launched a major round of layoffs in the firm's highly regarded investment banking department. In an attempt to downsize the unit amidst a massive slowdown in business, at
least 200 executives - most of them junior ... department, which translates to a cut of at least 20 percent. While most Wall Street firms have been cutting between 5 and 10 percent of
their staff, cuts at JP Morgan are comparably deeper even ...
16 Nov 5:31 pm
... in an illegal payment scam to get municipal securities business from Jefferson County, Alabama. As part of its settlement with the SEC, JP
Morgan Chase agreed to pay penalties of $75 million and forfeit $647 million in termination fees that
it says the ... as its managing underwriter of bond offerings. They also voted for JP Morgan
Securities's affiliated bank as the transactions' swap provider. The SEC claims JP Morgan Securities charged Jefferson County higher interest rates on swap transactions. ...
12 Jun, 2008 4:53 pm
... 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 ... 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, ... Naseem's lawyer calls his client's sentence "grossly unfair." Investment bank-related
misconduct is against the law. If you are an investor who has lost money ...
16 Feb, 2007 12:08 pm
... s Request to Transfer Class Actions to District of Delaware Three 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.Lit. 2006). Plaintiff's lawyer in the two Delaware actions filed a
motion ...
28 Sep, 2008 2:27 pm
... just released a stunning news item. JP Morgan Chase and
Bank of America, the nation's last two remaining banks, have tentatively entered into ... companies expect to refashion the presidency
into a symbolic leadership position. A spokesperson for one of the banks who wished to remain anonymous said that the president would "become more like the Queen ... also
attempts to calm likely anxiety among voters over the idea of two banks owning the country. Bush says that "People need to just relax and get ...
27 Nov, 2006 8:25 am
JP Morgan Chase has agreed to settle a disability
discrimination case for $2.2 million based on previous employment practices at Bank One, a company that it merged with back in 2004.
Apparently, although Bank One was willing to give medical...
11 Apr, 2007 12:19 am
... District of New York told J.P. Morgan Chase &Co. shareholders that they cannot hold the
investment bank responsible for securities fraud related to its alleged ... Mahonia Natural Gas Limited and Mahonia Limited, two shell
companies that the bank used to give Enron billions of dollars in credit masked as revenue from prepaid commodities. ... successful track
record for helping investors recover their losses. Related Web Resources: Enron Suit Against JP Morgan Dismissed, Forbes.com, March 30, 2007 ...
5 Mar 12:06 pm
The Boilermaker-Blacksmith National Pension Trust is suing 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., ...
17 Sep 6:45 pm
... York State regulation empowering its hourly paid employees to receive overtime compensation. (Andrade v. JP Morgan Chase Bank, N.A., 2009 U.S. Dist. LEXIS 80836 (E.D.N.Y. Sept. 4,
2009)). Chase's argument, which sought to set employee rights back 100 years to the era ... York State law only if the employee had personally
negotiated such a right with financial behemoth Chase by way of contract. The Lochner decision - which invalidated early efforts by the States
to regulate sweatshop-like ...
26 Sep 3:43 am
... York State regulation empowering its hourly paid employees to receive overtime compensation. (Andrade v. JP Morgan Chase Bank, N.A., 2009 U.S. Dist. LEXIS 80836 (E.D.N.Y. Sept. 4,
2009)). Chase's argument, which sought to set employee rights back 100 years to the era ... York State law only if the employee had personally
negotiated such a right with financial behemoth Chase by way of contract. The Lochner decision - which invalidated early efforts by the States
to regulate sweatshop-like ...
17 Mar, 2008 8:19 pm
... reported, JP Morgan's stock rose more than 10% - a $13 billion increase in total market
capitalization! Meanwhile, shares of other investment banks today ... Founded in 1923, Bear Stearns Companies (BSC) is/was a maverick Wall Street investment banking firm
with few friends. Former CEO Allen "Ace" Greenberg, who reportedly issued ... and Background of Bear Stearns Companys For more blog stories about Bear Stearns Companies Click Here
Additional Information About JP Morgan Chase: Profile and
Background ...
3 May, 2007 7:21 am
There's a video posted on YouTube of a person claiming to find unshredded personal documents belonging to Chase customers. Are you a
Chase customer? Watch this video to see how several New York City Chase branches carelessly threw out
... were all found in publicly accessible trash left out on the curb by their city's largest bank. JP
Morgan is currently investigating this allegation. It is important to note that the authenticity of the video is being questioned because the
person who shot and ...
16 Aug, 2005 12:31 pm
[JURIST] Leading Tuesday's corporations and securities law news, JP Morgan Chase [corporate website] has settled with Enron for the bank's role in the accounting fraud that lead to Enron's
bankruptcy [JURIST news archive]. In a Tuesday press release [text], JP Morgan said that the
bank will pay Enron $350 million in return for Enron not pursuing its claims against JP
Morgan. The bankruptcy court
21 Jan, 2005 7:39 pm
[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
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