press release
May 17, 2012, 9:15 p.m. EDT
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against JPMorgan Chase & Co.
BENSALEM, Pa., May 17, 2012 (BUSINESS WIRE) --
Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of New York on behalf of all purchasers of the common stock of JPMorgan
Chase & Co. ("JPMorgan" or the "Company")
JPM
-1.29%
between April 13,
2012 and May 11, 2012, inclusive (the "Class Period").
JPMorgan is a financial holding company that provides various financial
services worldwide. On May 10, 2012 the Company revealed that JPMorgan
had sustained a multibillion dollar trading loss as a result of a risky
strategy to hedge the Company's credit exposure. In response to this
disclosure, JPMorgan's stock price declined from $40.74 per share to a
closing price of $36.96 per share on extremely heavy trading volume.
No class has yet been certified in the above action. Until a class is
certified, you are not represented by counsel unless you retain one. If
you purchased JPMorgan common stock between April 13, 2012 and May 11,
2012, you have certain rights, and have until July 13, 2012 to move for
lead plaintiff status. To be a member of the class you need not take any
action at this time, and you may retain counsel of your choice. If you
wish to discuss this action or have any questions concerning this Notice
or your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at
http://www.howardsmithlaw.com .
SOURCE: Law Offices of Howard G. Smith
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Copyright Business Wire 2012
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