U.S. District Judge Jed Rakoff. Photo: Rick Kopstein/ALM US Judge Dismisses Shareholder Class Action Against JPMorgan Over Epstein Ties
The Grant & Eisenhofer team representing the plaintiffs, which include the Operating Engineers Construction Industry and Miscellaneous Pension Fund, wrote that they intended to hold the bank's directors and officers accountable "for their longstanding governance failures."
August 10, 2023 at 04:13 PM
3 minute read
Financial Services and Banking
U.S. District Judge Jed Rakoff of the Southern District of New York dismissed a shareholder class action suit concerning JPMorgan's prior work for Jeffrey Epstein on Wednesday, finding that the plaintiffs failed to make a demand on the bank's board before filing suit or show that doing so would be futile.
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