JPMorgan Chase states that Trump "fraudulently" listed Dimon as a defendant in the lawsuit

Investing.com – JPMorgan Chase has accused President Donald Trump of “fraudulently” naming CEO Jamie Dimon as a defendant in his account closure lawsuit in order to keep the case in Florida courts.

In court documents filed on Thursday, JPMorgan Chase requested to transfer the case to the U.S. District Court in Miami, with plans to ultimately move it to New York. The bank argued that Trump’s claim that Dimon instructed the bank to blacklist Trump and his businesses is not valid under Florida law cited in the lawsuit.

JPMorgan Chase stated that Florida’s unfair trade practices law does not apply to Dimon because he is “under strict and comprehensive federal banking regulation.” The bank contended that Dimon was “fraudulently added” to Trump’s lawsuit solely to avoid federal court jurisdiction.

Trump filed suit against JPMorgan Chase and Dimon in January, seeking at least $5 billion in damages, claiming he and his companies were “canceled bank services” for political reasons. In Thursday’s filings, JPMorgan Chase said it plans to seek dismissal of what it calls Trump’s “hollow and weak” lawsuit.

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