JPMorgan Chase & Co.

Period: 02/23/2016 to 09/23/2020
Lead Plaintiff Deadline: 12/23/2020

SUMMARY OF CASE:

A securities class action has been filed against JPMorgan Chase & Co. (JPM) on behalf of purchasers of the securities of JPMorgan Chase between February 23, 2016 and September 23, 2020.  This case has been filed in the USDC – E.D.N.Y.

The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) traders at the Company, with the knowledge and consent of their superiors, manipulated the precious metals market by “spoofing,” or placing fake orders to generate the appearance of market demand; (2) the Company had insufficient controls and compliance protocols to enable it to identify and stop the misconduct; (3) the Company’s earnings in the physical commodity market were, at least in part, ill-gotten; (4) such conduct would result in enhanced regulatory scrutiny; (5) the Company provided misleading information to CFTC investigators at early stages of the investigation into the misconduct; (6) resolution of the governmental investigation into the Company would result in a record-breaking $920 million fine; and (7) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.