Actionable news
0
All posts from Actionable news
Actionable news in JPM: JPMORGAN CHASE & CO.,

JPMorgan Chase Whistle-Blower Suit Revived by Appeals Court

  • Former manager claims bank violated Sarbanes-Oxley in firing
  • Appeals court overturns judge second time, bank must face suit

A whistle-blower lawsuit claiming JPMorgan Chase & Co. fired a wealth manager for reporting a client’s possible illegal behavior was revived for a second time by a federal appeals court.

The New York court on Monday reversed a judge’s decision to throw out the lawsuit and ordered him to consider the case. Jennifer Sharkey sued in 2010 claiming she was fired as a vice president in J.P. Morgan’s Private Wealth Management Group for investigating allegations that a long-term client might be involved in fraud or money-laundering.

According to Sharkey, she was fired one week after making a formal recommendation that the bank end its...


More