Shortly after J.P. Morgan & Co.'s merger with The Chase Manhattan Corporation in 2000, the investment firm was named in several lawsuits stemming from the Enron Corporation scandal. According to reports, J.P. Morgan administered several loans to Enron before its bankruptcy. Companies that insured these transactions filed a lawsuit against J.P. Morgan for loses they took after Enron collapsed. The suit alleges J.P. Morgan executives knew the transactions were fraudulent.
Enron shareholders as well as J.P. Morgan investors have sued the company for loses they took after Enron's bankruptcy. Enron investors claim J.P. Morgan helped Enron disguise loans as purchases and trades while J.P. Morgan shareholders allege the company failed to warn them of the severity of loses they would take because of the company's dealings with Enron.
Other stock fraud allegations involving JP Morgan Chase include the following securities:
CCC Information Services Concord EFS
Epicor Software Corporation Mypoints
International Rectifier Vicinity
Technology Partners International Participate.com
If you have been victimized by securities fraud because of JP Morgan Chase, it may be important to contact an attorney
who can help you protect your legal rights. Please keep in mind that there may be time limits
within which you must commence suit.
- Securities & Investment Fraud