- JPMorgan Chase & Co (JPM.N) urged dismissal of a complaint by a top-producing private banker who claims she was fired for questioning the dealings of a lucrative client.
Former vice president Jennifer Sharkey had accused JPMorgan of firing her in August 2009 after resisting her call to break ties with an Israeli customer who had been a client for 20 years and generated some $600,000 of business annually.
Sharkey said she was punished for her role in an internal probe into the client's alleged involvement in mail fraud, bank fraud and money laundering, and fired six days after urging the second-largest U.S. bank to drop the client. [ID:nN10225927]
In Tuesday's filing in Manhattan federal court, JPMorgan asked U.S. District Judge Robert Sweet to throw out the case.
The bank said Sharkey was not covered under whistleblower protection of the federal Sarbanes-Oxley Act, passed after Enron Corp's 2001 demise, because it was the client accused of doing something illegal, not the bank.
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