NEW YORK (CNNMoney) -- JPMorgan Chase accused the court-appointed trustee in the Bernard Madoff Ponzi case of overstepping his bounds with his $6 billion lawsuit against the financial services company.
"JPMorgan believes that the Trustee is entirely wrong in asserting that JPMorgan violated any federal statutes or regulations," said the bank's lawyer John Savarese, in a document filed in U.S. Bankruptcy Court in New York.
"JPMorgan, moreover, has the right to demand a jury trial with respect to most of the trustee's claims, which could not be conducted in the bankruptcy court," the lawyer said.
Read on.
No comments:
Post a Comment