Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, October 17, 2007

Fired Dow Officer Sues Bank That Implicated Him

You will recall that Dow Chemical fired two officers when JPMorganChase told the company that they had participated in secret talks to buy the company.  The firing resulted in litigation between the company and the officers.  Now Romeo Kreinberg, one of the officers, is suing JPMorganChase, calling it a "Judas" that implicated him in the negotiations to get back into Dow's good graces.  The complaint also asserts that the bank should be held accountable for its share of the harm to Dow.  (huh?)  NYTimes, Fired Dow Chemical Officer Sues JPMorgan

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