United States Second Circuit

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Espinoza v. Dimon, 14-1754

In a derivative action against JPMorgan Chase & Co., alleging that the company's board wrongfully refused to investigate misstatements made by corporate executives regarding the "London Whale" trading incident, the district court's dismissal is affirmed where plaintiff failed to meet the burden to please sufficient facts to rebut the strong presumption that the board's decision was valid under the business judgment rule.

Appellate Information

  • Decided
  • Published 2015/12/03




  • United States Second Circuit