Legal Opinion
Asbestos Workers Philadelphia Pension Fund v. Bell
Appellate Division of the Supreme Court of the State of New York
Decided March 31, 2016No. 16417 652020/13PublishedCited by 4 opinions
1Opinion of the Court
Judgment, Supreme Court, New York County (Charles E. Ramos, J.), entered June 13, 2014, dismissing the complaint, unanimously affirmed, with costs.
This derivative action was brought by both an institutional and an individual shareholder of JP Morgan Chase & Co. (JPMorgan), without any pre-suit demand having been made. The named defendants are 11 current and former members of JPMorgan’s Board of Directors and two former officers. The claims arise out of JPMorgan’s securitization and sale of its subprime and other troubled residential mortgages. Plaintiffs’ claims are mainly based on…
2Cases cited10 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
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3Cited by4 opinions
- Wietschner Ex Rel. JPMorgan Chase & Co. v. DimonAppellate Division of the Supreme Court of the State of New York · 2016
- U-Trend N.Y. Inv. L.P. v. US Suite LLCAppellate Division of the Supreme Court of the State of New York · 2020
- Anderson v. Artimus Constr., Inc.Appellate Division of the Supreme Court of the State of New York · 2026
- U-Trend N.Y. Inv. L.P. v. US Suite LLCAppellate Division of the Supreme Court of the State of New York · 2020