The lawsuit against JPMorgan Chase involves a highly publicized legal dispute between former senior vice president Chirayu Rana and executive director Lorna Hajdini. Rana alleged that Hajdini used her seniority to drug, racially demean, and coerce him into a “sex slave” arrangement. Both the bank and Hajdini completely deny the claims, and the case has since descended into a bitter countersuit. [1, 2, 3, 4, 5]
Core Details of the Dispute
- The Original Allegations: In April 2026, Chirayu Rana (initially filing under the pseudonym “John Doe”) filed a lawsuit alleging that Lorna Hajdini—a senior executive on the leveraged finance team—coerced him into non-consensual sexual acts, used racial slurs, and drugged him, threatening his career if he did not comply. [1, 2, 3]
- JPMorgan’s Internal Findings: The bank stated that an internal investigation, which reviewed emails, phone records, and witness statements, found zero evidence of wrongdoing by Hajdini. The bank also noted that Rana declined to participate in their internal inquiry. [1, 2, 3, 4]
- Mediation Breakdown: Prior to the lawsuit, JPMorgan reportedly offered Rana a $1 million private settlement to avoid the time and expense of litigation. Rana’s legal team countered with an $11.75 million demand, which the bank refused, leading to the public filing. [1, 2, 3]
Countersuit and Latest Developments
- Defamation Lawsuit: In May 2026, Hajdini filed a defamation countersuit against Rana, stating that his allegations were “entirely false, malicious, and fabricated” solely for personal enrichment. Hajdini’s legal team alleged that Rana made similar fabricated claims of sexual assault against a supervisor at a previous firm. [1, 2, 3, 4]
- Legal Representation Changes: The lawsuit faced complications in late May when Rana’s high-powered attorney, Daniel Kaiser, attempted to resign from the case. A New York Supreme Court judge subsequently ruled that the lawyer must continue to represent Rana until a replacement is officially retained. [1, 2]
No court has yet made a final determination on the truthfulness of the allegations. You can read more about the initial filing New York Post and the defamation countersuit Bloomberg for ongoing updates. [1, 2]