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  • MEALEYS HEADLINES
  • JP Morgan Chase Seeks Approval To Trade Securities While On MF Global Committee

01/18/2012 10:23:25 AM EST

JP Morgan Chase Seeks Approval To Trade Securities While On MF Global Committee

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LexisNexis® Mealey's™ Emerging Securities Litigation Legal News

NEW YORK - JP Morgan Chase Bank on Dec. 20 moved in the U.S. Bankruptcy Court for the Southern District of New York for an order declaring that the bank did not violate its fiduciary duty as a committee member in the MF Global bankruptcy and asking the Bankruptcy Court to create a "safe harbor" that will allow it to engage in securities trading (In Re: MF Global Holdings Ltd., No. 11-15059, Chapter 11, S.D. N.Y. Bkcy.). Full story on lexis.com