Dimon Pushed to Get JPMorgan’s Frank Deal Done, Founder Claims

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon pushed to acquire college-loan-planning site Frank out of fear that another bank was eyeing the company, its founder said.

Frank founder Charlie Javice made the allegation about Dimon on Monday in her formal response to JPMorgan’s suit claiming that she defrauded the bank in the $175 million acquisition. According to JPMorgan, she created fake user data to vastly inflate the number of people supposedly using her site.

Javice claimed in her filing in federal court in Delaware that she was being scapegoated for the bank’s faulty due diligence and that it ...