The Illinois whistleblower lawsuit against multiple Wall Street banks, including JPMorgan Chase, Citibank, and Bank of America, cleared a major hurdle after an Illinois court rejected the defendants’ motion to dismiss the case. The suit was filed by Edelweiss LLC under the Illinois False Claims Act, by Chicago attorney Michael Behn of Behn & Wyetzner, Chartered. (State of Illinois ex rel. Edelweiss LLC (Case No. 2017 L 000289).
Judge Diane Shelley of the Illinois state court in Chicago stated that Edelweiss’ whistleblower “complaint articulates in myriad detail how false claims could have been presented to the State of Illinois.”