JPMorgan Asks Court to Halt Ex-First Republic Advisors' Recruiting Loan Fight

News May 10, 2024 at 02:43 PM
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What You Need To Know

  • The dispute follows First Republic's collapse and JPMorgan's acquiring its assets.
  • JPMorgan wants the advisors to repay over $92M in recruiting loans; the advisors seek $270M in damages.
  • FINRA arbitrators have no right to decide the advisors' counterclaims, JPMorgan argues.
Judges Gavel on a bundle of money