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JPMorgan Whistleblower Case to Move Forward

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The latest move in the Sharkey v. JPMorgan Chase & Co., comes after U.S. District Judge Robert Sweet rejected JPMorgan’s request to dismiss a whistleblower lawsuit filed by Jennifer Sharkey.

Sharkey claims she was fired in August 2009, just eight months after JPMorgan client Bernard Maddoff’s fraudulent activity was exposed. Sharkey said she was dismissed as the vice president and wealth manager after repeatedly warning the company about a suspicious client and his involvement in bank fraud, money laundering, and mail fraud.

Judge Sweet decided that Sharkey can continue to argue that JPMorgan violated Sarbanes-Oxley protections, which protects whistleblowers who allege wrongdoing by a third party, not just an employer, Reuters reported. The Sarbanes-Oxley law passed in 2002, after the accounting fraud of Enron.

Judge Sweet wrote that the “myriad” of allegations “taken together prevent a finding, at this stage, that Sharkey’s belief that suspect client was engaged in violations of the enumerated Sarbanes-Oxley statutes was unreasonable.”

The lawsuit seeks back pay, back bonuses, and an expungement of the dismissal from Ms. Sharkey’s record. disclaimer: This article: JPMorgan Whistleblower Case to Move Forward was posted on Friday, August 26th, 2011 at 8:24 pm at and is filed under Fraud Lawsuits.

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