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LONDON - The Russian court has postponed hearings in two separate lawsuits filed by VTB Bank against JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA) and eight other J.P. Morgan legal entities, according to a statement released by JEMA.
The appeal hearing for a $439 million claim previously granted to VTB Bank has been rescheduled from July 2 to September 10, 2025. Additionally, the preliminary hearing for a separate $74.5 million claim has been moved from June 25 to July 14, 2025.
JEMA, which trades on the London Stock Exchange (LON:LSEG) under the ticker LSE:JEMA, indicated that its board will provide further updates once the court decisions are announced.
The company did not provide details about the nature of the claims or the grounds for the postponements in its announcement.
The information was disclosed in a regulatory news service (RNS) filing to the London Stock Exchange on Thursday.
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