JPMorgan needs $4.5 billion to fight 10,000 legal actions WOW cry me a river.JPMorgan needs $4.5 billion to fight 10,000 legal actions
by KERRI PANCHUK
Tuesday, March 1st, 2011, 8:24 am
JPMorgan Chase (JPM: 45.31 -1.67%)
may need a legal cushion of $4.5 billion in excess of current levels to
handle litigation and regulatory actions against the banking giant, the
firm said in a Securities and Exchange Commission filing.
At Dec. 31, some 10,000 legal actions are pendi...