JPM Calls Schneiderman a Copycat; Bill Gross Calls Uncle Sam a Junki...

Receiving Wide Coverage ...

Schneiderman vs. JPMorgan, Day Two: JPMorgan Chase tells the Journal that New York Attorney General Eric Schneiderman's lawsuit alleging securities fraud by JPM predecessor institution Bear Stearns "recycle[s] claims already made by private plaintiffs." Specifically, a lot of the profanity-laced trader emails and statistics cited by Schneiderman were also in a suit filed against JPM by the bond insurer Ambac. Moreover, a member of Schneiderman's staff worked on the Ambac case at...