JP Morgan investor asks court to revive $2.6bn shareholder lawsuit

A JP Morgan investor has asked a New York appeals court to revive a shareholder derivative lawsuit accusing the bank of negligence in the Bernard L Madoff's Ponzi scheme which resulted in $2.6bn in settlements with prosecutors, arguing the lower court were wrong to exclude his claims.

By Stewart Bishop (April 19, 2016, 8:28 PM EDT) -- A JPMorgan Chase investor on Tuesday asked a New York appeals court to revive his shareholder derivative lawsuit claiming negligence by the bank's top brass led to $2.6 billion in settlements with prosecutors, saying a lower court wrongly found the claims were precluded....

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