Justice Department Opens JPMorgan Probe
Meanwhile, Jamie Dimon survives shareholder vote
By Kevin Spak, Newser User
Posted May 15, 2012 11:59 AM CDT
The corporate flag for JPMorgan Chase flies at corporate headquarters, Monday, May 14, 2012 in New York.   (AP Photo/Mark Lennihan)

(Newser) – Maybe Jamie Dimon will go on trial after all? That's getting way ahead of things, but the Justice Department has opened an inquiry into the JPMorgan trading scandal, sources tell the Wall Street Journal. It's currently unclear what legal violations it's looking into, but the probe will be separate from the SEC's investigation, which is looking at the company's accounting and disclosures.

But there is good news for Dimon: Shareholders today rejected a motion to oust him from his post as chairman, though there was serious support for it; 40.1% of votes were cast in favor of splitting up the jobs of chairman and CEO, Reuters reports. The AP adds that he also won a shareholder endorsement of his 2011 $23 million pay package, but notes that most of the shareholder ballots were cast weeks ago.

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Showing 3 of 18 comments
TiredMemeCat
May 16, 2012 4:55 AM CDT
'The wrist slap heard around the world.'
AnonymousCommenter
May 15, 2012 6:42 PM CDT
Oh No!!!!! Rich people lost money, so there must have been a crime committed.
Antagonist
May 15, 2012 4:21 PM CDT
What a Fucking Joke! Nobody gave a Shit when Buch and Cheney sent this country into a downward death Spiral !!!!!!!!!!!!!!!! And they want to keep the Ceo on-board???? What the Fuck are they Smoking???????? If you can get away with this shit and not feel one shred of remorse, Pass the Ducthie Mother-Fucker!!!! Seriously, he is still going to get his $23 million package? After loosing $2 Billion dollars, Must be related to Elmer Fudd Looking Mother-Fucker Blankfei n(He always has that Sick, I'm gonna fuck you and the whole world then your Hamster and get away with it. Sick Pedophile smile) !!!!!!