Stueve Siegel Hanson LLP Announces Class Action Lawsuit Filed Against JPMorgan Chase & Co. (NYSE: JPM) and J.P. Morgan Securities Inc.

KANSAS CITY, Mo.--(Business Wire)--
The law firm of Stueve Siegel Hanson LLP (http://www.stuevesiegel.com) announces
that it is has filed a class action lawsuit against JPMorgan Chase & Co. (NYSE:
JPM) and J.P. Morgan Securities Inc. on behalf of persons who purchased Auction
Rate Securities for which J.P. Morgan Securities Inc. was the sole auction
dealer, lead auction dealer, co-lead auction dealer, or joint lead auction
dealer between July 10, 2004 and February 13, 2008, inclusive (the "Class
Period").

The class action, captioned O`Gara v. JPMorgan Chase & Co., et al., Case No. 09
Civ. 6199, is pending in the United States District Court for the Southern
District of New York. The class action is brought against JPMorgan Chase & Co.
and its subsidiary J.P. Morgan Securities Inc. (collectively "JP Morgan"). The
class action is brought on behalf of persons who purchased Auction Rate
Securities between July 10, 2004 and February 13, 2008 for which J.P. Morgan
Securities Inc. was the sole auction dealer, lead auction dealer, co-lead
auction dealer, or joint lead auction dealer ("JPM ARS")

The Complaint alleges that JP Morgan violated Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 related to its role as a manager of auctions for
auction rate securities. Auction rate securities are either municipal or
corporate debt securities or preferred stocks which pay interest at rates set at
periodic "auctions." Auction rate securities generally have long-term maturities
or no maturity dates.

The Complaint alleges that JP Morgan manipulated the market in which auction
rate securities are traded to create the appearance that the securities traded
at arm`s-length auctions, when in fact the available supply well exceeded the
demand for those securities. The Complaint alleges that JP Morgan placed or
caused the placement of support bids for auctions in which it served as a dealer
to create the appearance of stability and liquidity in the auction market,
prevent auction failures, and set the rates of interest or dividends paid on
those securities. The Complaint alleges that JP Morgan engaged in this conduct
to further perpetuate the sale of auction rate securities, and to manage its
inventory of auction rate securities for its own benefit and to the detriment of
investors. The Complaint alleges that JP Morgan failed to disclose its conduct
to investors in violation of the federal securities laws.

According to the Complaint, holders of auction rate securities underwritten and
managed by JP Morgan have been unable to liquidate their positions in these
securities following the decision on February 13, 2008 of all major
broker-dealers including JP Morgan to "withdraw their support" for the periodic
auctions at which the interest rates paid on auction rate securities are set.

If you purchased or otherwise acquired auction rate securities for which JP
Morgan served as a dealer between July 10, 2004 and February 13, 2008, you may,
no later than September 11, 2009, request that the Court appoint you as lead
plaintiff. A lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. To be appointed lead plaintiff, the
Court must decide that your claim is typical of the claims of other class
members, and that you will adequately represent the class. Your ability to share
in any recovery is not affected by the decision whether or not to serve as a
lead plaintiff. You may retain Stueve Siegel Hanson LLP, or other attorneys, to
serve as your counsel in this action.

If you wish to discuss your rights as an investor in auction rate securities
through JP Morgan or any other brokerage, please contact Stueve Siegel Hanson
LLP toll-free at (800) 714-0360. A copy of the complaint is available from the
Court, or can be viewed on Stueve Siegel Hanson LLP`s Web site at:
http://www.stuevesiegel.com/auctionrate.html.

Stueve Siegel Hanson LLP is one of the nation`s leading firms representing
individual and institutional investors in securities fraud class actions and
litigation to correct abusive corporate governance practices, breaches of
fiduciary duty and proxy violations. For more information, please access the
firm`s Web site, www.stuevesiegel/auctionrate.html. To discuss this class action
with us, please contact the following attorneys:

Norman E. Siegel (siegel@stuevesiegel.com)

Rachel E. Schwartz (schwartz@stuevesiegel.com)

460 Nichols Road, Suite 200

Kansas City, Missouri 64112

Phone number: (800) 714-0360

Web site: http://www.stuevesiegel.com/auctionrate.html.

Stueve Siegel Hanson LLP
Norman E. Siegel, 816-714-7100
or
Rachel E. Schwartz, 816-714-7100

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