A New York appeals court has dismissed a RICO lawsuit accusing JPMorgan Chase (JPM +2.2%) of...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

A New York appeals court has dismissed a RICO lawsuit accusing JPMorgan Chase (JPM +2.2%) of conspiring in Bernie Madoff's Ponzi scheme - which could deal a blow to victims' trustee Irving Picard, who has fought to keep cases involving $100B in claims alive in bankruptcy court. Picard recently filed an amended $19.9B suit against JPM.