JPMorgan faces whale lawsuit

Beached Whale

JPMorgan must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2bn in the 'London Whale' scandal.

JPMorgan prepares to fight CFTC charges: Sources

Beached Whale

JPMorgan Chase has denied Commodity Futures Trading Commission charges that it manipulated certain credit markets as part of its doomed "London Whale" trades, according to two people familiar with the matter, indicating the bank is prepared to fight the regulator's case in court.