JPMorgan Can't Duck Ala. County's Bribery Suit

Law360, New York (April 15, 2011, 9:08 PM EDT) -- The Alabama Supreme Court on Friday refused to toss a lawsuit by Jefferson County, Ala., accusing JPMorgan Chase Bank NA of paying bribes and kickbacks to secure county business, ruling that it had standing to bring the suit.

The state high court denied two petitions for writ of mandamus by the defendants — including J.P. Morgan Securities Inc. and two former JPMorgan managing directors, Charles LeCroy and Douglas MacFaddin — who challenged a lower court's decision to deny their motion to dismiss.

Jefferson County accuses JPMorgan...
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