A New York real estate lawyer who used to work for a prestigious Wall Street firm is now suing his former employer, accusing the company of misleading him on its mortgage products and charging him for his work on their behalf.
The lawsuit was filed in Manhattan federal court Thursday against JP Morgan Chase & Co., the parent company of the bank, alleging that the bank misled the lawyer about its mortgage insurance products, according to a copy of the lawsuit obtained by Fox News.
The lawsuit claims that the firm, which is based in New York City, has “intended to deceive” the lawyer and others about its mortgages, according the lawsuit.
The lawyer also claims that JP Morgan told him that he could buy a home without any mortgage insurance.
JP Morgan declined to comment on the lawsuit and did not immediately respond to a request for comment.
In February, the Wall Street Journal reported that the lawyer who helped broker the mortgage products that were sold to the lawyer was being sued for fraud by a former client.
The Journal reported the lawsuit in connection with a lawsuit filed by a man named David M. Miller, who had loaned $100,000 to JP Morgan during a mortgage refinancing.
The man said in the lawsuit that Miller “refused to purchase or sell any mortgage product.”
The complaint says that Miller said he could not buy the homes because the bank had “intending to deceive him about the mortgage product” and that he would have to pay the bank $30,000 for his legal fees.
Miller, who worked for JP Morgan from 2003 to 2010, worked as an independent mortgage broker.
He was a member of the New York Mortgage and Securities Association and the Wall St. Journal reported in October that he had helped broker a $250,000 mortgage that was sold to him by the bank in 2014.
The complaint alleges that JP New York did not tell Miller that the home was sold by the banks parent to another broker.
Miller had been “dismissively” promoted to the position of a senior broker, according with the complaint.
The lawyer also alleges that he was denied access to the bank’s mortgage products because he was not an authorized agent for the bank.
Miller said in a statement to the WSJ that he “is seeking redress of all claims.”
The bank did not respond to Fox News’ request for an interview.
The suit also claims in the suit that JPNY and its mortgage brokers “knowingly and willfully engaged in fraudulent, deceptive and unfair business practices” and are “engaged in willful, malicious and malicious conduct” in violation of the Bank Secrecy Act, the suit said.
The claim does not specifically name the New Jersey attorney who brought the lawsuit against JP New London.
The bank is also being sued in the case in New Orleans, Louisiana.
