Follow-up: JPMorgan's legal woes Yesterday, I highlighted the thicket of potential legal and regulatory actions Dow component JPMorgan Chase ( JPM -0.45% ) finds itself in. Today, we learn that the bank is preparing to admit "wrongdoing" in the London Whale debacle in a civil settlement with U.K. and U.S. authorities. JPMorgan is arguing it should not be fined because shareholders have already born $6 billion in related losses -- that's at least one point where I agree with them!