JPMorgan says: CEO Jamie Dimon's inclusion in Donald Trump’s $5 billion lawsuit is ‘fraudulent’ as ...

JPMorgan Chase has accused former U.S. President Donald Trump of fraudulently naming CEO Jamie Dimon in his $5 billion lawsuit concerning the closure of his accounts. The bank argues this was a deliberate tactic to keep the case in Florida state court and has filed to move the case to federal court, with the intention of transferring it to New York. JPMorgan contends that Trump’s claim of Dimon directing a “blacklist” against him and his businesses lacks legal basis under Florida law and believes Dimon was improperly included to avoid federal jurisdiction.

Trump initially sued JPMorgan and Dimon in January, alleging “debanking” for political reasons and seeking at least $5 billion in damages. His legal team asserts Dimon personally ordered the bank to blacklist Trump, his family, and associated businesses, causing significant financial and reputational damage.

JPMorgan dismissed these claims as unsubstantiated, describing the “blacklist” allegations as vague and lacking detail, and incompatible with the bank’s regulatory obligations. The bank intends to seek a dismissal of the lawsuit, while Trump’s team remains committed to pursuing the case, characterizing it as a battle against politically motivated financial practices.

(Source：The Times Of India)