Hedge Fund's Fraud Allegations Revived Against JPMorgan

Law360, New York (November 15, 2013, 6:16 PM EST) -- A hedge fund can carry forward with allegations that JPMorgan Chase & Co. lied when it promised to promote the fund after it spun off from Bear Stearns & Co. Inc., a New York state judge ruled Thursday, reversing his own decision.

Judge Melvin L. Schweitzer changed his mind after the hedge fund, Jason Ader's Hayground Cove Asset Management LLC, pointed out that he hadn't taken into account extrinsic evidence, which the fund had argued included testimony from Bear Stears executives, that suggested the bank had...
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