JPMorgan Smeared Ex-Adviser To Clients, $3M Suit Says

Law360, New York (February 12, 2013, 2:51 PM EST) -- A former JPMorgan Chase & Co. investment adviser hit the company with a $3 million suit in New York state court Friday, accusing it of running a smear campaign to stop his former clients jumping ship after he left the bank.

According to plaintiff Mark S. Kolta, the banking giant and its employees wrongly told his former clients at the bank that he had engaged in improper and unlawful activities, including comparing him to Ponzi schemer Bernard Madoff, in a vindictive effort to scare them away...
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