A former massive wig banker is accusing JPMorgan Chase of hiding a cluster of bombshell emails concerning the monetary big’s relationship with Jeffrey Epstein.
James Staley’s legal professional is asking a federal choose to compel JPMorgan handy over in-house emails that can allegedly show the financial institution knew about Epstein’s felony habits, experiences RadarOnline, citing newly launched courtroom paperwork.
Staley’s legal professional Stephen L. Wohlgemuth alleges JPMorgan’s legal professionals are already in possession of a number of the emails in query.
“That is seemingly the tip of the iceberg, as it seems that much more info out there to the financial institution’s common counsel is being withheld…
JPMorgan has positioned the data and conduct of its common counsel (and his workers) straight at difficulty on this case.
These circumstances result in a simple at-issue waiver, as Mr. Staley should have the chance to probe all info that the overall counsel (and his workers) knew when making Epstein-retention selections.”
JPMorgan is suing Stanley – who led JPMorgan’s asset administration enterprise for 9 years and led its funding financial institution for 5 years – over his personal alleged ties to Epstein.
The financial institution says he’s accountable for any and all authorized fallout related to the financial institution’s involvement with the disgraced and deceased former financier.
JPMorgan is asking the courtroom to power Stanley to return eight years of pay throughout his tenure and make him accountable for damages in two courtroom instances, together with one which was lately settled for $290 million.
Though Stanley acknowledges that he had a relationship with Epstein, he says he didn’t know something about Epstein’s crimes.
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