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Former JPMorgan Chase banker expands lurid sexual harassment, racism lawsuit

negativeLegalMulti dayYahoo Finance ·27 Jul 2026Original article ↗
Oraklio AI Analysis

Expanded litigation and additional defendants can increase reputational risk and potential legal/settlement overhang, which may pressure sentiment around the stock, though it is not an earnings or guidance catalyst.

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Former JPMorgan Chase banker expands lurid sexual harassment, racism lawsuit FILE PHOTO: JPMorgan Chase logo is seen in this illustration taken January 22, 2026. REUTERS/Dado Ruvic/Illustration/File Photo · Reuters By Jonathan Stempel Mon, July 27, 2026 at 7:16 PM GMT+2 3 min read JPM By Jonathan Stempel NEW YORK, July 27 (Reuters) - The former JPMorgan Chase banker whose lurid sexual harassment lawsuit went viral added new claims and defendants on Monday, saying the largest U. S.

bank's acceptance of racism and sexual coercion irreparably destroyed his ‌career. Chirayu Rana said racism was ingrained in the culture of his otherwise all-white leveraged finance team, where his South Asian heritage "became ‌the punchline for a stream of degrading jokes," including calling him a "monkey" and "brown boy. " JPMorgan has said it believed Rana's allegations were meritless.

Neither the bank nor its lawyers had ​an immediate comment. In an 82-page complaint, Rana, who is of Nepali descent, added allegations that colleagues suggested he transact in rupees, and one texted that he should "run before we call ICEE {sic} on your family," referring to U. S.

Immigration and Customs Enforcement. Rana also renewed allegations that the defendant Lorna Hajdini, a JPMorgan executive director, coerced him into sex and demanded his submissiveness as a condition of advancing his career, repeatedly saying she "owned" him. Once a "leading" deal originator paid "well ‌over" $2 million a year, Rana has been "effectively blackballed," ⁠the complaint said.

"His reputation has been destroyed, his professional relationships shattered, and the career he spent years building reduced to rubble. This was not an unintended consequence of defendants' misconduct. It was its intended result.

" MULTIPLE CASES BRING UNWANTED ⁠ATTENTION Hajdini has also denied Rana's claims and countersued him for defamation, saying his lies "wreaked havoc" on her life, subjected her to around-the-clock ridicule, and were designed to attract maximum press coverage. Lawyers for Hajdini did not immediately respond to requests for comment. The case is one of several matters involving JPMorgan employees to permeate ​social ​media this year, generating unwanted attention for a bank that generated $37.

6 billion of profit ​in the first half of 2026. JPMorgan is challenging a $4. 25 ‌million arbitration award to a former wealth manager who was fired after expensing a Super Bowl platter, while a former employee was caught on video dumping out and then walking away with a commemorative trash can during a parade for the NBA champion New York Knicks.

THREE NEW DEFENDANTS Rana filed his lawsuit in Manhattan federal court, after a state judge on July 16 dismissed a version filed in April so Rana and his new lawyers could add claims. Story Continues The new complaint adds JPMorgan managing directors Brandon Graffeo and Jon Wolter as defendants. Rana said Graffeo "led" his degradation, while Graffeo and Wolter ‌campaigned to poison his reputation in the private credit and leveraged finance industry ​after he resigned under pressure last October, causing his subsequent employer to fire him ​in April.

JPMorgan associate Kelly Crowe was also added as a defendant, ​with Rana saying she called him "brown boy" and an "HR liability. " It was unclear why some new allegations were not in ‌Rana's original complaint. Rana's 21-count complaint seeks unspecified compensatory damages, ​punitive damages, front and back pay and ​other remedies from various defendants for alleged violations of federal civil rights laws, the federal Family and Medical Leave Act, and New York state and city human rights laws.

The claims include sexual and racial discrimination, harassment and retaliation; a defamation claim against JPMorgan, ​Graffeo and Wolter, and a sexual assault claim against ‌Hajdini. "JPMorgan has fed the public a false and misleading narrative," Rana's lawyer Jon Norinsberg said in a statement. "We intend to hold ​the defendants fully accountable in a court of law for the catastrophic harm they caused to Mr.

Rana's career, reputation ​and life.

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