JPMorgan Directors Seek Toss Of Zelle Fraud Suit In Del.

Gunnar Larson g at xny.io
Thu Feb 1 08:22:34 PST 2024


JPMorgan Directors Seek Toss Of Zelle Fraud Suit In Del.
<https://www.law360.com/banking/articles/1792050?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-01&read_main=1&nlsidx=0&nlaidx=12>

By Leslie A. Pappas

A shareholder lawsuit accusing JPMorgan Chase & Co. of ignoring fraud
complaints about peer-to-peer banking platform Zelle cites only a few news
articles and a congressional hearing as "red flags" that directors
allegedly missed, falling "well short" of a valid claim, the directors'
attorney told Delaware's Court of Chancery Wednesday.

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<https://www.law360.com/banking/articles/1792050?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-01&read_more=1&nlsidx=0&nlaidx=12>
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