Morgan & Morgan Files Class Action Lawsuit Against Jamie Dimon, CEO of JPMorgan Chase

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Morgan & Morgan Files Class Action Lawsuit Against Jamie Dimon, CEO of JPMorgan Chase

Morgan & Morgan Files Class Action Lawsuit Against Jamie Dimon, CEO of JPMorgan Chase

According to the class action complaint, Mr. Dimon earned in excess of $130 million from 2005 through 2012. The lawsuit is seeking disgorgement of all illicit profits generated as a result of the bank’s unlawful conduct, as well as an order requiring JPMorgan to enact proper internal control procedures to prevent such fraudulent and illegal conduct from occurring in the future.

Morgan & Morgan –

The securities attorneys in Morgan & Morgan’s New York office have filed a class action lawsuit against James Dimon, who is the CEO, President, and Chairman of the Board of Directors of JPMorgan Chase, alleging that Mr. Dimon and the other members of the bank’s Board of Directors allowed JPMorgan to embark on an unprecedented course of recklessness and unlawful conduct to increase their own personal fortunes.

Since 2009, JPMorgan has paid nearly $32 billion in settlements, fines, and penalties to law enforcement agencies and federal regulators for a wide variety of illegal and criminal behavior. The class action lawsuit describes a number of high-profile scandals involving the once-revered Wall Street bank.

[MORGAN & MORGAN]

image: AP

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