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