Published on May 17, 2012 | by LawNews
Prof. Ronald Colombo Discusses Legal Costs Facing JPMorgan
The potential classes could include thousands of investors, which could add up to multimillion judgments and legal costs for JPMorgan if the investors prevailed at trial, according to Hofstra University law professor Ronald J. Colombo.
“In terms of damages exposure, in a [Rule] 10(b)5 claim, investors can recover full extent of their loss,” Colombo told Law360 Wednesday. “Whatever loss in share price they can show, they can recoup.”
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