House & Home
Fri, May 25, 2012
NEW ORLEANS--([ BUSINESS WIRE ])--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 13, 2012 to file lead plaintiff applications in a securities class action lawsuit against JPMorgan Chase & Co. (NYSE: JPM), if they purchased the Companyas common stock during the period between April 13, 2012 and May 11, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of JPMorgan and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn ([ lewis.kahn@ksfcounsel.com ]), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. ([ neil.rothstein@ksfcounsel.com ]), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 13, 2012.
About the Lawsuit
JPMorgan and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On May 10, 2012, the price of JPMorgan stock declined to $36.96, from $40.74 per share after the Company disclosed that it had sustained a multi-billion dollar trading loss. The disclosure of this loss shocked investors, in part, because only a month earlier the Company denied market rumors that it was facing substantial trading losses.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit [ www.ksfcounsel.com ].
