Court Tosses Federal Claim In JP Morgan Fraud Suit

Law360, New York (December 14, 2007, 12:00 AM EST) -- An investor who sued JP Morgan Invesments alleging fraud, negligent misrepresentation and breach of fiduciary duty will have to fight her battle in state court, after a federal district court threw out the federal claim in the case.

In a ruling handed down on Thursday, Judge Harold Baer Jr. of the U.S. District Court for the Southern District of New York granted JP Morgan's motion to dismiss a federal securities fraud claim levied by investor Leslie Danzis, and bounced the remaining claims back to state court....
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.