Shareholders sue JPMorgan Chase over trading loss

NEW YORK Wed May 16, 2012 9:49am EDT

NEW YORK May 16 (Reuters) - JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of $2 billion or more announced last week.

A spokesman for JPMorgan Chase declined to comment on the two lawsuits, which were filed in U.S. District Court in Manhattan.

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