JPMorgan Says Trump’s $5 Billion Suit ‘Fraudulently’ Includes Dimon

JPMorgan Chase & Co. has responded to a $5 billion lawsuit filed by former President Donald Trump, claiming that the inclusion of CEO Jamie Dimon as a defendant was done "fraudulently" to enable the case to be filed in a Florida state court. According to the bank, Trump's lawsuit, which alleges the closure of his accounts was politically motivated, improperly named Dimon as a defendant. JPMorgan argues that this was done solely to establish jurisdiction in Florida, where the case was filed, rather than in New York, where the bank is headquartered. The bank has asked the court to dismiss Dimon as a defendant and move the case to federal court in New York. JPMorgan maintains that the account closures were standard business decisions and not politically motivated. The lawsuit is the latest in a series of legal disputes between Trump and the financial institution, highlighting the ongoing tensions between the former president and the banking industry.