Bloomberg News reports that Sharkey testified at her trial in Manhattan federal court that the bank terminated her in 2009 for raising red flags about a client she suspected of fraud and money laundering.
The experience caused her extreme anxiety and sleepless nights, she said. It has also prevented her from working in banking because of news reports about her suit, which has been delayed for years because of pretrial appeals.
"It’s just very distressing, upsetting," Sharkey testified under questioning by her lawyer, Douglas Wigdor. "Just feeling that it was all taken away from me just like that."
In the meantime, Bloomberg News also reports that JPMorgan Chase was ordered by a Dallas jury in September to pay more than $4 billion in damages for mishandling a client’s estate. It looks like the bank is going to be paying significantly less than that.
The probate court trial, brought by the heirs of former airline executive Max Hopper, ended in September with a jury awarding $7 million in compensatory damages and billions in punitive damages, the bank said Wednesday in a filing.