MF Global Trustee Threatening Lawsuit Against JP Morgan -Fox Business's Gasparino

Date : 04/27/2012 @ 1:45PM
Source : Dow Jones News
Stock : JP Morgan Chase & Co. (JPM)
Quote : 99.51  0.0 (0.00%) @ 2:05AM

MF Global Trustee Threatening Lawsuit Against JP Morgan -Fox Business's Gasparino

JP Morgan Chase (NYSE:JPM)
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The trustee overseeing the MF Global Holdings Ltd.'s bankruptcy is threatening a lawsuit against J.P. Morgan Chase & Co. (JPM) to recover funds from the bank, Fox Business Network's Charlie Gasparino reported Friday.

According to Gasparino, J.P. Morgan is awaiting regulators' ruling on the money before they hand over funds to the trustee, James Giddens.

J.P. Morgan had no comment on the money, according to Gasparino's report.

Website: www.foxbusiness.com

-Dow Jones Newswires; 212-416-2900

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