Breaking News, World News and Taiwan News.

JPMorgan Chase & Co. settles lawsuit against 'Whale' boss Bruno Iksil: source

Reuters
January 18, 2013, 12:23 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

LONDON--JPMorgan Chase & Co. has reached an out-of-court settlement over its lawsuit against the former boss of Bruno Iksil, the trader known as the “London Whale” for huge bets he took that cost the bank US$6.2 billion, a person familiar with the matter said.

Javier Martin-Artajo, who was Iksil's immediate supervisor, had been named as a defendant in a lawsuit filed at London's High Court on Oct. 22.

JPMorgan said last July it was seeking to claw back pay from those people it held responsible for the losses. Details of the action against Martin-Artajo were not released.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	Asia shares mixed, Nikkei ends flat

NEXT ARTICLE
Cirque Du Soleil to lay off 400 as operation juggles rising expenses

Sponsors
▪	"JJshouse is the leading supplier of all kinds of dresses. You can buy your favorite prom dresses here."
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.