JPMorgan Judge Upends $1.1 Million Whistle-Blower Verdict
A U.S. district judge says she saw prejudice in a jury’s verdict Tuesday that would have awarded $1.13 million in damages to a former JPMorgan Chase & Co. employee over her dismissal, according to Bloomberg.
The Manhattan jury deliberated for five hours to find the former wealth manager has been fired illegally. The jury awarded her $563,000 in back pay and $563,000 for emotional damage.
Reporter Bob Van Voris quoted Judge Denise Cote:
“The award of emotional damages says to me that the jury was prejudiced against the bank. That undermines the entire verdict.”