The complaint alleged that Bear Stearns failed to evaluate the quality of the mortgage loans packaged into mortgage backed securities costing investors $22.5 billion in losses to date.
The complaint, however, does not mention damages sought. JPMorgan has said it would fight the charges.
The issue is likely to be front and center at the analyst conference call.
Speaking at the Council for Foreign Relations on Wednesday, Dimon said that the Bear Stearns acquisition has cost the bank $5 billion to $10 billion in various expenses till date. He said that the bank did the Fed a "favor" when it took over Bear Stearns in 2008 and argued that it was "unfair" that regulators were coming after them now."I'm a big boy. I'll survive...But I think the government should think twice before they punish business every single time things go wrong," Dimon said, according to a Reuters
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