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Ex-National Century Exec Drops Claims V. JPMorgan

Law360 (March 9, 2009, 12:00 AM EDT) -- A judge has signed off on the stipulated dismissal of crossclaims brought by a former National Century Financial Enterprises Inc. executive against JPMorgan Chase & Co. and two of the company's former outside directors in multidistrict litigation over the health care lender's multibillion-dollar collapse.

Judge James L. Graham of the U.S. District Court for the Southern District of Ohio approved the dismissal with prejudice Friday and brought the crossclaims by former National Century Chief Operating Officer Donald Ayers and E&D Investments to a close.

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