'Whale' case rests on trade-valuation issue

The fate of a criminal case against two former JP Morgan traders accused of hiding losses rests on what the "London whale" trades were actually worth

The fate of a criminal case against two former JP Morgan Chase traders accused of hiding losses rests on what the "London whale" trades were actually worth.

A key defense for Javier Martin-Artajo and Julien Grout, the two traders targeted in charges announced Wednesday by US prosecutors, is expected to be that the high-stakes derivatives bets their unit made were difficult to value, according to people close to the two.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump