You're right! "Specifically, the Texas Complaint alleges that JPM, which had long coveted WMB’s depositor base and branch network, drove down WMB’s value so it could purchase WMB’s assets at a fire-sale price well below their fair market value. Key aspects of the alleged scheme include entering into false negotiations with WMI and WMB under the guise of a good-faith bidder during the summer of 2008, gaining access to confidential and proprietary information, and disseminating that confidential information, as well as false information, to the media and investors in an effort to drive down WMI’s credit rating and stock price."
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