The former Dropbox executive is seeking to recover US$225m in damages from J.P. Morgan due to “exorbitant” undisclosed fees on 35 structured notes.
Arash Ferdowsi, co-founder of Dropbox, has filed a lawsuit against J.P. Morgan Private Wealth Advisors LLC (JPM Wealth) and J.P. Morgan Securities LLC (JPMS), alleging that he was steered into “highly improper” market-linked investments (MLIs). By steering Mr. Ferdowsi into MLIs rather than suitable investments - such as index funds or large-cap technology stocks - Ahmed and JPM Wealth caused Mr. Ferdowsi to suffer over US$225m in damages Between April 2020 and October 2023, Ferd
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