JPMorgan Chase & Co. News

JPMorgan Drops Suit Against Tesla Over Musk Tweet, Warrants

JPMorgan Chase & Co. agreed to drop a lawsuit it filed against Tesla Inc. three years ago seeking $162 million tied to stock warrant transactions. The move to end the litigation was announced Friday in a one-page court filing by …

JPMorgan Client Who Lost $50 Million Fortune Amid Dementia Is Denied Trial

A once-wealthy JPMorgan Chase & Co. client whose portfolio crumbled as he slid into dementia lost a legal battle seeking to recoup his fortune from the bank. A federal judge in Boston threw out a lawsuit filed by Peter Doelger, …

Big Banks to Pay $46 Million to Settle Swaps Collusion Case

Ten major US and European banks, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and BNP Paribas SA, plan to pay a combined $46 million to end a lengthy legal battle with pension plans that accused them of conspiring …

JPMorgan, Ex-Trader Agree to Settle Wrongful Firing Lawsuit

A former JPMorgan Chase & Co. precious metals trader said he’s reached a tentative settlement with the bank over a suit claiming he was wrongfully fired over his cooperation with a federal spoofing probe. Donald Turnbull’s lawyer said in a …

JPMorgan Expects to Pay $100 Million in a Third Surveillance Case

JPMorgan Chase & Co., fresh off settling complaints from two regulators over gaps in its trade-surveillance program, expects to pay an additional $100 million to settle a related inquiry from another watchdog. The firm disclosed the expected agreement in a …

Charlie Javice Fails to Get JPMorgan to Pay for Her Suit Against Firm

JPMorgan Chase & Co. defeated for now a bid by Charlie Javice, who the bank claims defrauded it in a $175 million acquisition, to get it to pay for her countersuit. Delaware Chancery Court Judge Kathaleen St. J. McCormick on …

JPMorgan Wins Appeal Against Insurers Over Bear Stearns Settlement

NEW YORK — New York’s highest court ruled on Tuesday that JPMorgan Chase & Co is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos. over improper mutual …

JPMorgan to Pay $60M to Settle Precious Metals Spoofing Lawsuit

NEW YORK — JPMorgan Chase & Co agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options. The settlement disclosed on Friday stemmed …

Oil Tanker Insurance Costs to Jump After Gulf Attacks

Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their ships paused bookings on Thursday as …

Loose Lips and FX Tips: How Chats Cost Banks $1.2 Billion

Talk may be cheap, but in currency traders’ chatrooms, at least, improper messages can be very expensive for their companies. In instant message groups with names such as “Semi Grumpy Old Men” and “Three Way Banana Split” up to nine …