posted on Oct, 1 2012 @ 11:15 PM
reply to post by Hefficide
Yeah, I'm trying to figure out where the money would go if the suit wins, seems vague right now. Probably would go to those who lost out in '08 in a
fair world. That's why it seems odd to me that it's being carried out by NYS when people nationwide were affected.
About the AG Eric Schneiderman:
The Attorney General previously spent 15 years in private practice as an attorney, and later as a partner, at the firm of Kirkpatrick and
Lockhart, where he handled complex litigation.
About Kirkpatrick and Lockhart, which merged recently into K&L Gates:
The company has been described as "a lobbying firm that represents the hi-tech and energy sectors" and in the past has hired former legislators
favorably inclined towards their clients.
It is ranked as the 8th largest law firm in the United States by the National Law Journal and as the 11th largest among law firms worldwide by
The American Lawyer
So not quite a financial lawyer, but a lobbying firm might be even worse
Although, if I'm going to have a lobbying lawyer as the AG one for high tech and energy isn't the worst.
And not sure if this is quite like bailout/stimulus, because money would be coming from JP and not taxpayers. But, if the suit loses then we will have
wasted a bunch of tax money indeed.
Edit: this site: www.ffiec.gov...
lists JP as the top bank in the US by total assets with over 2.2
I'm not sure exactly how much the lawsuit is seeking, the number cited for misleading securities is 22.5 billion. That would hardly put a dent in the
bank's status as one of the biggest in the world.
edit on 10/1/2012 by PatrickGarrow17 because: (no reason given)
edit on 10/1/2012 by PatrickGarrow17 because: (no reason