Legal Developments in Chirayu Rana’s Case Against JPMorgan

A judge has allowed a lawyer representing former JPMorgan banker Chirayu Rana to withdraw from the case, but there’s a catch. The attorney must inform JPMorgan if any false statements were made in Rana’s ongoing sexual assault lawsuit.

The decision to permit the attorney, Daniel Kaiser, to step back was made during a quick court hearing in Manhattan. Kaiser had sought to withdraw from the “sex slave” lawsuit back in late May, but the reasons weren’t fully clarified.

Absent from the hearing, Kaiser was ordered by the judge to disclose any possible falsehoods that Rana may have included in an April lawsuit. In this suit, Rana, aged 35, alleges that JPMorgan manager Lorna Hadjidini, 37, sexually assaulted her.

Both JPMorgan and Hadjidini have labeled Rana’s claims as a “fabrication.”

The application for withdrawal faced no objections from JPMorgan’s legal representatives, who asked the judge to address potential instances of “false evidence” presented by the defense. They highlighted two specific concerns: one where Rana claimed her mother ran a licensed daycare in New York, only to later state that the daycare was actually in her home in Virginia. The second involved possibly damaging statements regarding settlement negotiations with JPMorgan.

Rana’s lawsuit gained traction on social media after its filing in April, with shocking details revealing how Hadjidini allegedly drugged Rana to make her a “personal sex slave” after she joined Rana’s team in 2024.

A particularly notable line in the complaint, which caught a lot of attention online, reads: “Your little Asian fish-headed wife won’t have these cannons.”

Other claims mentioned incidents of Rana in distress when Hadjidini allegedly made advances towards him, sometimes in JPMorgan’s office, and barging into his apartment, pressuring him into unwanted relations.

Rana’s complaint mentioned that he felt compelled to comply with Hadjidini’s advances due to her position as his manager, fearing possible repercussions on his career.

Hadjidini has firmly denied the accusations, calling them entirely unfounded, a stance echoed by JPMorgan.

In early June, Rana sought to dismiss the lawsuit, with his new lawyers asserting that the original complaint failed to address federal violations like racial discrimination and retaliation. They aim to refile the case in federal court, although Hadjidini’s team at JPMorgan is pushing back against this move.