Civil Litigation,
Banking
Feb. 28, 2022
JPMorgan sues state for legal costs in halting questionable wire transfer
“This action arises from JPMorgan Chase Bank N.A. success in returning to California nearly half a billion dollars in taxpayer money,” wrote Christopher T. Casamassima, representing JPMorgan as a partner with WilmerHale in Los Angeles.
JPMorgan Chase & Co. to California: You're welcome.
The bank sued the state on Thursday to recover $5.9 million in legal fees and expenses it says it incurred after canceling a questionable $457 million payment to buy N95 masks. Some state officials later praised that decision, according to the complaint in JPMorgan Chase Bank v. California, filed in Sacramento County Superior Court.
"This action arises from...
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