JP Morgan Sees The Writing On The Wall Street

from the settled dept

Interesting timing... Just a day after Bernie Ebbers is found quite guilty of defrauding investors at Worldcom, JP Morgan Chase has agreed to settle the charges against them for not recognizing the fraud at Worldcom. While it's likely they've been close to a settlement for quite some time, the timing is still worth noting. Perhaps, JP Morgan figured they could get the press coverage hidden by the coverage of Ebbers' guilty verdict.

Leave a Comment..


If you liked this post, you may also be interested in...
 

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>


A word from our Sponsors...
Follow Techdirt
Flattr rss rss
From the Techdirt Archive...
A word from our Sponsors...

Close

Email This