JPMorgan Directors Seek Toss Of Zelle Fraud Suit In Del.

By Leslie A. Pappas (January 31, 2024, 2:06 PM EST) -- A shareholder lawsuit accusing JPMorgan Chase & Co. of ignoring fraud complaints about peer-to-peer banking platform Zelle cites only a few news articles and a congressional hearing as "red flags" that directors allegedly missed, falling "well short" of a valid claim, the directors' attorney told Delaware's Court of Chancery Wednesday....

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