A former large wig banker is accusing JPMorgan Chase of hiding a cluster of bombshell emails in regards to the monetary big’s relationship with Jeffrey Epstein.
James Staley’s legal professional is asking a federal decide to compel JPMorgan handy over in-house emails that can allegedly show the financial institution knew about Epstein’s felony conduct, experiences RadarOnline, citing newly launched court docket paperwork.
Staley’s legal professional Stephen L. Wohlgemuth alleges JPMorgan’s attorneys are already in possession of a few of the emails in query.
“That is possible the tip of the iceberg, as it seems that much more info obtainable to the financial institution’s normal counsel is being withheld…
JPMorgan has positioned the data and conduct of its normal counsel (and his employees) immediately at concern 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 final counsel (and his employees) 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 guilty for any and all authorized fallout linked to the financial institution’s involvement with the disgraced and deceased former financier.
JPMorgan is asking the court docket to power Stanley to return eight years of pay throughout his tenure and make him liable for damages in two court docket circumstances, 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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