US EditionJPMorgan says Trump's lawsuit improperly named Dimon as defendant
JPMorgan argues Trump named CEO Dimon fraudulently to keep the $5 billion lawsuit in Florida state court and seeks dismissal of claims under federal banking regulations.
- On Thursday, JPMorgan Chase filed to move President Donald Trump’s debanking suit from Florida state court to federal court in Miami, arguing CEO Jamie Dimon was fraudulently joined.
- In January, Trump filed suit in Florida state court, alleging JPMorgan put him and his businesses on a `blacklist` and `debanked` them, seeking $5 billion, while accusing CEO Dimon of directing the actions.
- JPMorgan's lawyers cited DUTPA exemptions, arguing claims against JPMorgan CEO Dimon don't fall under Florida law, and the plaintiffs failed to explain the alleged "blacklist" or its provenance.
- The filing seeks dismissal and federal venue for the case, as JPMorgan Chase argues none of the plaintiffs are Ohio citizens and CNN has contacted the bank and White House for comment.
- Though not known as an outspoken Trump opponent, Dimon recently criticized Trump's proposal to cap credit card interest at 10 percent, calling it an "economic disaster," while the Financial Times reported JPMorgan has been in talks to bank Trump's 'Board of Peace' initiative; it is unclear how that might impact the lawsuit.
13 Articles
13 Articles
JPMorgan slams Trump over ‘fraudulent’ targeting of Jamie Dimon in debanking lawsuit
JPMorgan lashed out at President Donald Trump on Thursday, accusing him of "fraudulently" naming CEO Jamie Dimon as a defendant in a $5 billion lawsuit over the closure of the commander-in-chief's accounts and arguing the move was designed to keep the case in Florida.
j.p. Morgan Claims that the Us$ 5 Billion Trump Process Includes Damon 'in a Way that Is Misleading'
Bank sees the President of the United States manoeuvre to present a case in the state court of Florida and asks for a transfer to the federal court in Miami
JPMorgan says Trump's lawsuit improperly named Dimon as defendant
President Donald Trump improperly included Jamie Dimon as a defendant in his $5 billion debanking lawsuit against JPMorgan Chase as a way to get the case into state court, the bank and its CEO said in a Thursday court filing.
JPMorgan Chase pushes back on Trump’s $5 billion lawsuit, arguing it ‘fraudulently’ includes Jamie Dimon
By John Towfighi, CNN (CNN) — JPMorgan Chase on Thursday hit back at President Donald Trump’s debanking lawsuit against the company and CEO Jamie Dimon, filing to move the case from Florida state court to federal court and arguing the president’s initial lawsuit “fraudulently” included Dimon. JPMorgan Chase lawyers wrote in a notice, first reported by Bloomberg, that Trump’s lawsuit is based on a statute that explicitly exempts federally regulat…
Top CEO fires back at Trump lawsuit in new legal filing
JPMorgan Chase took issue with Donald Trump's attempt to name its CEO, Jamie Dimon, in a major lawsuit against the bank, alleging in a new court filing that his inclusion was done "fraudulently."In January, Trump filed suit against the banking giant, accusing it of putting himself and his businesses on a "blacklist" following his first term, effectively "debanking" him. The suit further alleges that this decision was directed by Dimon and is see…
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