In re JPMorgan Chase Derivative Litigation

*925 ORDER

Shareholders have brought a derivative suit against a corporation’s directors for their allégedly deceitful and financially-destructive role in the 2008 housing collapse. Defendants are current and former JPMorgan Chase & Co. (“JPMorgan”) directors. Plaintiffs are California-based shareholders. Plaintiffs argue defendants breached their fiduciary duties, committed securities violations, and unjustly enriched themselves through defendants’ creation and sale of subprime residential mortgage-backed securities (“RMBS”). The court granted defendants’ first motion to dismiss. Order Oct. 23, 2014, ECF No. 69 (“Prior Order”). Defendants have moved to dismiss plaintiffs’ amended complaint, or alternatively, to transfer the case to New York. Id. Mot., ECF No. 128.

The court heard the motion on December 15, 2016. Alexandra Summer, Francis Bottini, Jr., Mark Molumphy and Kelsey Fischer appeared for plaintiffs. Mins., ECF No. 139. Stuart Baskin, Alethea Sargent and Emily Griffen appeared for defendants Bell, Bowles, Burke, Crown, Flynn, Futter, Jackson, Novak, Raymond and Weldon. Id. Gary Kubek and Christopher Banks appeared for nominal defendant JPMorgan and defendants Dimon,…