Skip to content
Subscriber Only

JPMorgan Accused of Wrongful Death by Estate of Star Broker

  • Lorig committed suicide after he was forced to retire
  • Bear Stearns futures department co-founder ran marathons
Updated on

The estate of a deceased broker filed a wrongful death lawsuit against JPMorgan Chase & Co., saying he took his life after becoming despondent because he was forced to retire.

Michael A. Lorig suffered from depression and mental illness, and the bank pressured him to retire rather than granting a long-term disability so he could be treated, according to the lawsuit filed Monday in Manhattan federal court. He had joined the bank through its acquisition of Bear Stearns.