JPMorgan ‘Wishes to Escape’ Review of Misconduct, SCOTUS Told

A whistleblower urging the U.S. Supreme Court to revive fraud claims against JPMorgan Chase Bank asserts review of his case is needed because the bank and federal government are downplaying the impact of a circuit split over the Justice Department’s power to dismiss a False Claims Act suit.

Laurence Schneider contends that the D.C. Circuit improperly backed, with little review, the DOJ’s motion to dismiss his suit accusing JPMorgan of falsely claiming compliance with requirements of a national mortgage settlement in 2012.

That settlement resolved allegations that JPMorgan and other banks engaged in improper home mortgage practices.

Schneider, in response ...