JPMorgan Rips Trump for “Fraudulently” Suing Jamie Dimon

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,” Thomas Kika reported for AlterNet.

The bank ultimately aims to have what it described as a “threadbare” lawsuit dismissed. (Photo: JPMorganChase Facebook)

In January, Trump filed suit against the banking giant, accusing it of placing him and his businesses on a “blacklist” following his first term, effectively “debanking” him. The suit alleges that the decision was directed by Dimon and seeks $5 billion in damages.

According to a report from Bloomberg, JPMorgan argued in a court filing submitted Thursday that Trump included Dimon as a defendant “fraudulently” to ensure the case would be filed in Florida state court, where Trump has often received sympathetic rulings, rather than in federal court.

The company contended that Dimon cannot be included under the Florida unfair trade practices law cited by Trump because he is comprehensively regulated by federal banking agencies.

The filing seeks to move the case to federal court in Miami, with plans to later transfer it to state court in New York.

The bank ultimately aims to have what it described as a “threadbare” lawsuit dismissed. Its lawyers also argued that the suit is “unclear” on key aspects of its claims, particularly regarding the alleged “blacklist.”