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...
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