JP Morgan Chase Bank for allegedly not meeting terms of agreement to release insurance claim funds to homeowners

GRETNA – JP Morgan Chase Bank is being sued by a pair of homeowners who claim the bank has failed to return funds owed to them for an insurance claim, despite already having made a settlement with the bank regarding payment of the funds.

Peter Yaukey and Laurie Yaukey filed the suit in the 24th Judicial District Court on March 6.

The Yaukeys assert they were provided an insurance claim check worth $69,613.33 from their property insurer for a property they own located at 330 Jefferson Heights in New Orleans. The plaintiffs claim the property was purchased through a mortgage provided by JP Morgan Chase Bank and as such JP Morgan Chase Bank was required to co-sign the check from their property insurer before the funds could be released.

However, the Yaukeys allege the defendant has refused to co-sign the check resulting in a delay in repairs to the home and additional damage. The plaintiffs contend 10 months after the original check was issued from their property insurer they entered into a settlement with JP Morgan Chase Bank to release the funds, but that the bank has still refused to do so.

The defendant is accused of breach of contract.

An unspecified amount in damages is sought for payment for original settlement, physical and emotional damages, legal costs and attorney’s fees.

The plaintiffs are represented by attorney David W. Bernberg of New Orleans.

The case has been assigned to Division F Judge Michael P. Mentz.

Case no. 747-448.