America’s largest bank, JPMorgan Chase, is facing a lawsuit from a mother and son, Rui Wang and Hengchen Qu, who claim that the bank terminated their accounts and failed to return over $1 million to them. The lawsuit alleges unjust enrichment and breach of contract related to certificates of deposit (CDs) that the plaintiffs purchased in 2019. The CDs were supposed to offer a fixed yield for a deposit, but when the customers returned to California from China, they discovered that their accounts had been closed and the bank claimed to have mailed them reimbursement checks. However, Wang and Qu say they never received the checks and have no knowledge of where the money was sent. The lawsuit demands that Chase return the funds and states that the plaintiffs have suffered financial losses as a result of being unable to access the funds they needed. Chase has declined to comment on the lawsuit.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇨🇳 🇺🇸 |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Hengchen Qu, Rui Wang |
| Companies | JPMorgan Chase Bank |
| Currencies | None |
| Securities | None |
