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Case 1:23-cv-03903-JSR Document 35 Filed 07/27/23 Page 1 of 12
IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK
Master Case No. 1:23-cv-03903-JSR
IN RE JPMORGAN CHASE & CO.
DERIVATIVE LITIGATION
DERIVATIVE ACTION
DEFENDANT JAMES E. STALEY’S REPLY MEMORANDUM OF
LAW IN SUPPORT OF MOTION TO DISMISS COMPLAINT
Case 1:23-cv-03903-JSR Document 35 Filed 07/27/23 Page 2 of 12
TABLE OF CONTENTS
I. The Bank’s Existing Lawsuit Against Mr. Staley Quashes this Derivative Suit .................. 1
II. The Claims Against Mr. Staley Specifically Are Defective .................................................... 4
A. Plaintiffs Fail To State a Breach-of-Fiduciary Duty Claim Against
Mr. Staley .......................................................................................................................... 4
B. Plaintiffs Fail To State an Unjust Enrichment Claim Against Mr. Staley ................ 6
III. The Claims Against Mr. Staley Are Time-Barred .................................................................... 6
CONCLUSION ................................................................................................................................9
i
Case 1:23-cv-03903-JSR Document 35 Filed 07/27/23 Page 3 of 12
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