By John Spence, MarketWatch
J.P. Morgan Chase & Co. said in a regulatory filing Thursday the West Virginia Attorney General has filed suit against its Bank One Investment Advisors unit over alleged market timing, late trading and disclosure of portfolio information.
The suit brings claims for quo warranto and violation of the West Virginia Consumer Credit and Protection Act. Quo warranto is the legal term for an order used to challenge the right to corporate office or to challenge the legality of a corporation’s charter.
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