9th Circuit Upholds Dismissal Of Wire Fraud Elder Abuse Suit Against Chase

(April 3, 2024, 9:55 AM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals affirmed a district court’s order dismissing with prejudice a financial elder abuse and negligence suit filed against JPMorgan Chase Bank by a couple who were victims of wire fraud, finding that the plaintiffs failed to allege that Chase had actual knowledge of the fraud and that banks have no implied duty to supervise their customers’ account activity....