JPMorgan Wins Dismissal Of Credit Insurance Dispute

Law360, New York (March 15, 2010, 7:30 PM EDT) -- A federal judge has thrown out an antitrust suit filed by automotive credit insurance provider Midwest Agency Services Inc. against JPMorgan Chase Bank NA over an auto finance tying scheme, finding that Midwest failed to allege any party was harmed except itself.

U.S. District Judge Danny C. Reeves of the Eastern District of Kentucky on Thursday dismissed the case, brought against JPMorgan Chase Bank and affiliates Chase Auto Finance Corp. and Chase Insurance Agency Inc., with prejudice.

Midwest, a seller of certain credit insurance products, alleged...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.