JPMorgan Leaders Sued For Inaction On Booming Zelle Fraud

By Henrik Nilsson (May 18, 2023, 5:18 PM EDT) — JPMorgan’s leadership breached its fiduciary duty and jeopardized the bank’s reputation by not reimbursing customers for fraudulent transfers made on payments platform Zelle, according to a derivative shareholder lawsuit filed Wednesday in Delaware Chancery Court….

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