Rakoff Tells Investors Big Banks Were Tricolor Fraud Victims

By Sydney Price · July 17, 2026, 7:40 PM EDT

U.S. District Judge Jed S. Rakoff has entered an opinion explaining why he tossed an investor suit last month accusing JPMorgan, Barclays and Fifth Third of facilitating a fraudulent scheme by...

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Case Information

Case Title

One William Street Capital Master Fund Ltd. et al v. JPMorgan Chase Bank, National Association et al

Case Number

1:26-cv-01622

Court

New York Southern

Nature of Suit

Other Fraud

Date Filed

February 26, 2026