May 16, 2012 / 1:50 PM / 6 years ago

Shareholders sue JPMorgan Chase over trading loss

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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below