Jes Staley asked a federal court to dismiss JPMorgan Chase’s third-party lawsuit against him, which arose from the class-action case brought by survivors who accused the bank of enabling Jeffrey Epstein’s sex-trafficking operation. JPMorgan sought to make Staley personally responsible for any damages it might owe, arguing that he concealed what he knew about Epstein, protected Epstein’s relationship with the bank and committed misconduct that exposed JPMorgan to liability. Staley countered that the bank was attempting to turn him into a scapegoat for institutional decisions made over many years. He argued that JPMorgan’s claims for indemnification and the return of compensation were legally defective, insufficiently supported and dependent upon allegations that had not been proven.
Staley’s motion maintained that JPMorgan could not simply transfer its potential liability to a former employee when the survivors’ claims concerned the bank’s own conduct, compliance failures and continued servicing of Epstein. His lawyers argued that the complaint failed to establish that Staley had a contractual or legal duty to reimburse JPMorgan for settlements, judgments or legal expenses connected to the Epstein litigation. JPMorgan responded that Staley had been central to the relationship, had withheld material information and should repay compensation if his alleged conduct caused the bank’s losses. Judge Jed Rakoff rejected Staley’s effort to dismiss the case, allowing JPMorgan’s claims against him to continue before the dispute was eventually resolved as part of the broader Epstein-related litigation.
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