Relevant:
- JPMorgan Employees Sue Jamie Dimon, Ina Drew Over Losses
- JPMorgan's Trading Loss Is Said to Rise at Least 50%
- JPM Takes 'Significant Loss' in Derivatives Book - 'Could Get Worse'
- JPMorgan Says Trading Loss Tops $5.8 Billion; Profit for Quarter Falls 9%
- Chris Dodd On JPMorgan Chase Trading Loss: 'This Was A Big Deal'
2012-07-21 — forbes.com
Add it to the growing list of people going after JPMorgan Chase. Employees are suing the bank over the $2 billion trading loss that they say hurt their retirement plans.
A lawsuit filed on behalf of JPMorgan employees says their retirement accounts fell in value after news broke about the trading loss, Reuters reports. That’s because the plan holds JPMorgan shares which have dropped 18% since the loss was announced on May 10.
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