JPMorgan Told to Explain Withholding Energy-Probe E-Mails

http://www.bloomberg.com/news/2012-07-05/jpmorgan-told-to-explain-withholding-energy-probe-e-mails.html

JPMorgan Chase & Co. (JPM) was ordered by a federal judge to explain why it shouldn’t be compelled to turn over e-mails sought by U.S. regulators in a probe of potential energy-market manipulation.

U.S. District Judge Colleen Kollar-Kotelly in Washington today gave JPMorgan until the end of the day on July 13 to respond. The U.S. Federal Energy Regulatory Commission sued JPMorgan on July 2 to release 25 e-mails in an investigation of possible manipulation of power markets in California and the Midwest by J.P. Morgan Ventures Energy Corp.