JPMorgan Beats Contract Suit By Ex-Derivatives Exec

Law360, New York (April 15, 2011, 10:28 PM EDT) -- An Australian court said Wednesday that JPMorgan Chase & Co. did not breach a contract by firing the head of its Australian derivatives marketing desk in 2008 after he refused to transfer from the public side of the trading desk to the compliance area.

The order — filed in the Federal Court of Australia, New South Wales District Registry, General Division — dismissed a suit brought by Colin Keays, who was head of corporate derivative marketing. Keays alleged that JPMorgan breached his employment contract by making...
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