JPMorgan's State Trade Secret Claims Dropped by Judge

JPMorgan Chase Bank has lost its bid to pursue state law trade secret claims against a data analytics company over the alleged misuse of credit card data supplied for regulatory purposes.

A Delaware federal judge ruled on Monday that JPMorgan had not tied the conduct to Delaware or Ohio, preventing it from pursuing state law claims under the two states' laws.

The decision comes after JPMorgan provided credit card data to a data analytics company for regulatory compliance purposes. The bank alleged that the company misused this information, but failed to connect the dots between the misuse and the two states' laws.