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IMG HOLDING LLC v. DIMON

C.A. No. 2023-0522-KSJM.

IMG HOLDING LLC, derivatively on behalf of JPMORGAN CHASE & CO., Plaintiff, v. JAMES DIMON, STEPHEN B. BURKE, LINDA B. BAMMANN, TODD A. COMBS, JAMES S. CROWN, ALICIA B. DAVIS, TIMOTHY P. FLYNN, ALEX GORSKY, MELLODY HOBSON, MICHAEL A. NEAL, PHEBE N. NOVAKOVIC, and VIRGINIA M. ROMETTY, Defendants, and JPMORGAN CHASE & CO., Nominal Defendant.

Court of Chancery of Delaware.

April 16, 2024.

ORDER RESOLVING DEFENDANTS' MOTION TO DISMISS1

1. Plaintiff IMG Holding LLC ("Plaintiff") owns stock in JPMorgan Chase & Co. ("JPM"), a multinational financial services company.

2. Along with several other large banks, JPM owns Zelle, a digital banking...

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