The judge wrote that the man in charge of the investments testified in deposition “that he did not recall whether he sought any legal advice on whether the investments complied with the Delaware Insurance Code; or whether JPMIM undertook any steps to track the investment portfolio’s compliance with the provision of the Delaware Insurance Code.”This trial seems highly unlikely to turn in JPM’s favor. It needs to settle the case and get on with business.Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.
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