Former manager claims bank violated Sarbanes-Oxley in firing
Appeals court overturns judge second time, bank must face suit
A whistle-blower lawsuit claiming JPMorgan Chase & Co. fired a wealth manager for reporting a client’s possible illegal behavior was revived for a second time by a federal appeals court.
The New York court on Monday reversed a judge’s decision to throw out the lawsuit and ordered him to consider the case. Jennifer Sharkey sued in 2010 claiming she was fired as a vice president in J.P. Morgan’s Private Wealth Management Group for investigating allegations that a long-term client might be involved in fraud or money-laundering.
According to Sharkey, she was fired one week after making a formal recommendation that the bank end its relationship with the Israeli client after spending months warning about possible illegal activity. The person wasn’t named in the lawsuit and is referred to in court papers as “Client A.”