JPMorgan Chase & Co. is urging a California federal court to drop a suit accusing it and broker-dealer affiliate J.P. Morgan Securities LLC of purposely overvaluing the shares of an online grocer and concealing certain information related to the company's internal controls, saying projections of future value are inactionable.
JPMorgan Chase & Co. is again asking a New York federal judge to ax a suit alleging that several of its top executives knew about and helped facilitate Jeffrey Epstein's criminal activity, saying the plaintiffs' memo opposing the bank's motion to dismiss fails to adequately plead demand futility and state a claim.
A banker who claims he resigned as a board member at the Russian bank Otkritie is suing the U.S. Department of State, other enforcement agencies and prominent U.S. officials for sanctioning him for maintaining Russian ties, despite his attempts to show otherwise, saying the sanctions have caused him significant financial hardship.
The failed bank Silvergate Capital and its former brass and underwriters have urged a California federal judge to toss an investor suit over the bank's collapse, asserting that the complaint fails to sufficiently allege the parties performed no due diligence in vetting Silvergate's cryptocurrency customers.
A Texas federal judge rejected most of the Federal Deposit Insurance Corp.'s arguments for dismissing a constitutional challenge brought by a former bank executive facing enforcement proceedings from the agency, deferring a decision only on whether the court has jurisdiction at this point to hear the challenge.