JPMorgan Escapes Whistleblower Suit Over Alleged Fraud

Law360, Los Angeles (December 12, 2013, 6:41 PM EST) -- A New York federal judge on Wednesday granted JPMorgan Chase & Co.’s bid to toss a lawsuit brought by an ex-employee who claimed the bank fired her for flagging possible fraud, saying the plaintiff didn’t show fraud existed and that there was independent cause for her termination.

In October, JPMorgan asked U.S. District Judge Robert W. Sweet to grant the defendants'  motion for summary judgment in the case, saying former wealth management banker Jennifer Sharkey was terminated due to poor job performance. Judge Sweet sided with...
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