JPMorgan Chase on Thursday hit back at President Donald Trump’s debanking lawsuit against the company and CEO Jamie Dimon, filing to move the case from Florida state court to federal court and arguing the president’s initial lawsuit “fraudulently” included Dimon.
JPMorgan Chase lawyers wrote in a notice, first reported by Bloomberg, that Trump’s lawsuit is based on a statute that explicitly exempts federally regulated bank executives who are acting in their official role.
Trump’s lawsuit was filed with respect to Florida’s Deceptive and Unfair Trade Practices Act, which does not apply to federally regulated bank officers, the lawyers argued. That means Dimon was improperly, or