Delaware Judge Calls JPMorgan’s Jurisdiction Argument in WaMu Litigation ‘Frivolous’
Delaware bankruptcy court judge Mary Walrath appears determined to continue presiding over JPMorgan Chase's ongoing battle with Washington Mutual Inc. According to a transcript of a hearing last Friday, Judge Walrath called efforts by JPMorgan's lawyers at Sullivan & Cromwell to challenge her jurisdiction "frivolous." The dispute between the two companies mainly concerns $4 billion in deposits that Washington Mutual Inc. had with Washington Mutual Bank, which was taken over by JPMorgan last September.
