Madoff Trustee Sues JPMorgan Chase for $6.4 Billion

Steinert-Threlkeld, Tom
December 2010
Investment Management Weekly;12/3/2010, p4
The article discusses the lawsuit filed by Irving H. Picard against J.P. Morgan Chase & Co. in the U.S. Bankruptcy Court for the Southern District of New York. The trustee aims to recover 1 billion U.S. dollars in fees and profits and pull in an additional 5.4 billion U.S. dollars in damages for the bank's alleged involvement in Bernard Madoff's fraud. On the other hand, Jennifer Zuccarelli of J.P. Morgan Chase & Co. argued that the trustee has unfounded claims, and distorted facts and the law for publicity.


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