Overview
- In a filing on Thursday, the bank argued Trump named CEO Jamie Dimon to keep the $5 billion case in Florida state court, calling the move a fraudulent attempt to block federal jurisdiction.
- JPMorgan cited Florida’s Deceptive and Unfair Trade Practices Act, which it says exempts federally regulated bank officers, as grounds to exclude Dimon from the suit.
- The filing notes JPMorgan is legally a citizen of Ohio and that none of the plaintiffs are Ohio citizens, a diversity argument the bank says supports removal to federal court in Miami.
- JPMorgan described the complaint as threadbare and said it lacks basic details about the alleged internal blacklist, adding that it will seek dismissal and may later ask to transfer the case to New York.
- Trump’s legal team reiterated its claims that JPMorgan, at Dimon’s direction, unlawfully debanked and blacklisted Trump and his businesses after 2021, as the Financial Times separately reported talks about services for Trump’s Board of Peace initiative.