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CITY OF MIAMI GEN. EMPS. RETIREMENT TRUST v. DIMON

23-cv-03903 (JSR).

711 F.Supp.3d 208 (2024)

CITY OF MIAMI GENERAL EMPLOYEES & SANITATION EMPLOYEES RETIREMENT TRUST and Operating Engineers Construction Industry and Miscellaneous Pension Fund, Plaintiffs, v. James DIMON, Stephen B. Burke, Todd A. Combs, James S. Crown, Timothy P. Flynn, Mellody Hobson, John W. Kessler, Phebe N. Novakovic, and James E. Staley, Defendants, and JPMorgan Chase & Co., Nominal Defendant.

United States District Court, S.D. New York.

Signed January 12, 2024.

Attorney(s) appearing for the Case

Christine M. Mackintosh, Rebecca Ann Musarra, Michael J. Barry, Vivek Upadhya, Grant & Eisenhofer P.A., Wilmington, DE, Mark Lebovitch, Bernstein Litowitz Berger & Grossmann LLP, New York, NY, for Plaintiff Operating Engineers Construction Industry and Miscellaneous Pension Fund.

Andrew Blumberg, Jeroen Van Kwawegen, Michael Dains Blatchley, Mark Lebovitch, Bernstein Litowitz Berger & Grossmann LLP, New York, NY, for Plaintiff City of Miami General Employees & Sanitation Employees Retirement Trust.

Noah Adam Levine, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, Timothy Perla, Wilmer Cutler Pickering Hale and Dorr LLP, Boston, MA, for Defendants James Dimon, JPMorgan Chase & Co.

Audra Jan Soloway, Jessica Sombat Carey, Jacobus Johannes Schutte, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendants Stephen B. Burke, Todd A. Combs, James S. Crown, Timothy P. Flynn, Mellody Hobson, John W. Kessler, Phebe N. Novakovic.

John Marcus McNichols, Williams & Connolly, Washington, DC, for Defendant James E. Staley.

OPINION AND ORDER

This is a derivative action brought by shareholders of JPMorgan Chase & Co. ("JPMorgan") against various officers and directors of JPMorgan. The amended complaint asserts claims for breach of fiduciary duty and unjust enrichment, based upon allegations that the defendants...

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