Benson v J.P. Morgan Chase

Benson v. J.P. Morgan Chase

The Honorable Judge Chen, in Benson v. J.P. Morgan Chase, denied J.P. Morgan Chase’s motion to transfer the case from U.S. District Court for the Northern District of California to Texas, and also denied defendant’s motion to dismiss claims relating to aiding and abetting fraud. Click Here to Read the Decision With these favorable rulings, Berk Law and Co-Counsel take a significant step toward holding J.P. Morgan Chase accountable for fraud perpetrated with the assistance of one of its recent acquisitions, Washington Mutual. In this case, investors lost over $200 million. As the complaint alleges, were it not for Washington Mutual’s knowledge and assistance in providing state of the art banking software and hardware capabilities, those monies would not have been lost.