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JEMA

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NEUTRAL

JPMorgan Emerging EMEA Securities Provides Update on Russian Court Order

Why we think this is neutral

This RNS announcement provides an update on a legal dispute with VTB Bank in Russia, but does not contain any of the mandatory news types that would require a more detailed analysis. The announcement is informational in nature, without any significant financial or operational updates.

Key Points

  • Russian court has postponed the appeal hearing to 2nd July 2025
  • Further update to be provided once the court decision is announced

Summary

The company provides an update on a legal dispute with a Russian bank, with the appeal hearing postponed to July 2025.

JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA) has provided an update on the lawsuit filed by VTB Bank in Russia claiming $439 million against eight J.P. Morgan legal entities and JEMA. The Russian court has postponed the appeal hearing to 2nd July 2025, and the company will provide a further update once the court decision is announced.

GENERAL UPDATE