The lawyer for Chirayu Rana, the former JPMorgan Chase investment banker whose allegations that a female colleague sexually assaulted him have gone viral, has exited the case.
Citing people familiar with the matter, the Wall Street Journal reports that lawyer Daniel J. Kaiser has stepped away from the case, which has garnered massive attention on Wall Street. His exit comes shortly before a court hearing, according to the Journal.
A document filed with the New York State Supreme Court Tuesday confirms that Kaiser’s firm, Kaiser Saurborn & Mair, have been discharged as attorneys for Rana. The document also says that Rana, or “John Doe” in the filing, will represent himself until he secures new counsel.
Kaiser has not yet responded to a request for comment from InvestmentNews.
The Wall Street Journal, citing people familiar with the matter, has also reported that banking giant JPMorgan Chase offered a $1 million settlement before Rana filed his lawsuit.
JPMorgan Chase, which has already conducted an internal investigation, doesn’t believe there is merit to Rana’s claims, according to the Wall Street Journal. Lawyers for the female colleague, who is named in the lawsuit as Lorna Hajdini, have described Rana’s allegations as entirely made up, and said that the two never had sexual relations. Hajdini has countersued Rana.
In a separate document filed with New York State Supreme Court Tuesday Samuel S. Shaulson of the law firm Morgan, Lewis & Bockius was announced as a new lawyer representing Hajdini.
Shaulson has not yet responded to a request for comment from InvestmentNews.
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In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
