Politics & Regulation Tax & Legal

Madoff trustee Picard pursues JP Morgan for more money in damages


Bernard Madoff
A number of different arms of JP Morgan are now being asked to pay back almost four times the original amount claimed according to the latest release issued by Irving Picard, the trustee for the liquidation of Bernard L Madoff Investment Securities.

Picard recently announced the filing of an amended complaint in the United States District Court for the Southern District of New York against JPMorgan Chase & Co, JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC and J.P. Morgan Securities Ltd.

The amended complaint, based on expanded allegations, includes a jury demand