Dan Doctoroff better hope he can access good legal help through his Bloomberg terminal.
JPMorgan Chase yesterday formally demanded the Bloomberg CEO cough up more information on the spying scandal, a move first reported by The Post via Twitter and on NYPost.com.
Legal eagles at the bank, run by Jamie Dimon have demanded detailed assurances that Bloomberg, ensnared in a far-reaching spying scandal first reported by The Post, no longer snoops on clients.
“Our [lawyers] sent a formal request to Bloomberg to verify exactly what information reporters had access to and confirmation of their controls to prevent future breaches,” a bank spokeswoman said.
The request, sent in recent days, amps up pressure on Bloomberg to fork over specific information about its past practice of its reporters using the firm’s namesake data terminals to keep tabs on clients, including JPMorgan and Goldman Sachs.
Goldman first raised concerns last month after a Bloomberg reporter in Hong Kong told officials at the bank that a partner had not logged into his terminal for some time.
JPMorgan’s lawyers’ action comes on the heels of Doctoroff’s apology tour of many of Bloomberg’s 315,000 terminal users.
Doctoroff acknowledged, only after Bloomberg reporters were caught spying, making “mistakes” in allowing reporters access to client proprietary information.
Since then, clients everywhere from Europe to China have expressed concern that Bloomberg may have been snooping on them.
Goldman COO Gary Cohn told CNBC yesterday that his firm was in ongoing talks with Bloomberg.
“We are giving them time to understand the issue and allow them to really have real data and real information,” Cohn.
However, the Goldman official fell short of voicing complete confidence in privacy on the terminals.
“I would rather get the truth when they know it and not have them tell me things they’re not 100 percent confident in, but at this point I think they are doing a very good job at communicating with us,” he noted.