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Prosecutors ask for delays in civil cases against JP Morgan until metals criminal case resolved

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People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City.

Spencer Platt | Getty Images

Federal prosecutors have asked for two civil cases against J.P. Morgan Chase be put on hold until they have finished a related criminal prosecution involving current and former precious metals traders at the nation’s largest bank.

The Justice Department has asked for the stay on civil proceedings to be extended on both civil cases pending in federal court in New York City through the conclusion of a related ongoing criminal case into precious metals activity at J.P. Morgan Chase.

That case was revealed in September when a 14-count criminal indictment against three current or…



Source cnbc.com

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