JPMorgan says Trump "fraudulently" named Dimon in lawsuit

Investing.com -- JPMorgan Chase & Co. has accused former President Donald Trump of "fraudulently" naming CEO Jamie Dimon as a defendant in his lawsuit over closed accounts to keep the case in Florida state court.

In a court filing on Thursday, JPMorgan requested moving the case to federal court in Miami with plans to eventually transfer it to New York. The bank argued that Trump's claim that Dimon directed putting Trump and his businesses on a "blacklist" was not valid under the Florida statute cited in the lawsuit.

JPMorgan stated that Florida's unfair trade practices law does not apply to Dimon because he is "closely and comprehensively regulated by the federal banking agencies." The bank contended that Dimon was "fraudulently joined" in Trump's lawsuit solely to avoid federal court jurisdiction.

Trump sued both JPMorgan and Dimon in January, seeking at least $5 billion in damages, alleging he and his companies were "debanked" for political reasons. JPMorgan indicated in its Thursday filing that it plans to seek dismissal of what it called Trump's "threadbare" lawsuit.

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