Faculty Ronald J. Colombo, Associate Dean for Academic Affairs and Professor of Law

Published on July 19, 2012 | by LawNews

Prof. Ronald Colombo Discusses Implications of JPMorgan’s $5.8B Loss

EXCERPT:

That revelation could mean big trouble for the bank, said Ronald Colombo, a professor at Hofstra University School of Law. While it is entirely possible that the misstatements by traders could be the work of a small, isolated group, it might be an indication of a larger problem, he said.

“This could be evidence of a culture that, for whatever reason, gives rise to this sort of behavior and this kind of misreporting,” Colombo said.

The restatement could also open JPMorgan up to a new front in litigation launched by shareholders.

“The company as a whole could be open to investor lawsuits, because the company lied to investors. The company put its name to filings that were inaccurate,” Colombo said.

Read the full article on law360.com.

Tags: , ,


About LawNews

To submit a news story, or request an interview with one of Hofstra Law’s faculty experts, please contact Andrew Berman, assistant dean for communications, at andrew.e.berman@hofstra.edu.



Comments are closed.

Back to Top ↑
  • Upcoming Events

    View Full Calendar

  • Videos

  • Archives


Follow

Get every new post delivered to your Inbox

Join other followers: