It is now officially confirmed. Legal Morass website posted on May 3 that there were unconfirmed reports of termination of JP Morgan Chase attorneys. From Legal Morass:
Breaking News, 03 May 2011...
Unconfirmed reports are that certain JP Morgan Chase attorneys in Chase's New Hyde Park, New York offices were terminated this morning by JP Morgan Chase and escorted from their offices. Other Chase employees, primarily at Chase's San Antonio, Texas, Credit Card Litigation Group, have had all responsibilities, computers and computer access removed.
As of May 6, Legal Morass website confirm the report and provided the names of the terminated attorneys. It says:
As of 06 May 2011, the following JP Morgan Chase attorneys have been terminated for their involvement within the Chase/DebtOne post-judgment consumer credit card portfolio:
• Gail Siegal, Senior Legal Counsel, JP Morgan Chase.
• Mike Fein, Legal Counsel, JP Morgan Chase, in charge of litigation in the State of Illinois.
• Brad Layton, Legal Counsel, JP Morgan Chase, in charge of litigation in the State of New Jersey.
• Marty Murphy, Legal Counsel, JP Morgan Chase, in charge of litigation in the State of New York.
Shedrick (Rick) Davis, Legal Counsel, JP Morgan Chase, in charge of litigation in the State of California
Other firings of Chase attorneys are possible. It is believed that these firings are a 'housecleaning' precusor to a yet unidentified regulator that will be visiting, the week of 09 May 2011, all of Chase offices within their Credit Card Division.
And three of the fired attorneys were named in the complaint to the state Attorneys General, federal regulators, and Congressional leaders by Legal Morass. Here is the letter to the Congressional leaders. Click here.
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