LaQuan Dyce Sues J.P. Morgan for Racial Discrimination and Retaliation Over Revoked Wealth Management Role
NEW YORK, NY – [April 1, 2025] – LaQuan Dyce, a former regional banking manager with nearly two decades of experience at J.P. Morgan, has filed a federal lawsuit in the U.S. District Court of New Jersey, accusing the firm of systemic racial discrimination and retaliation. Dyce is represented by Marjorie Mesidor and Itohen Ihaza of Mesidor PLLC.
The complaint alleges that J.P. Morgan maintained a double standard for advancement and treatment of Black professionals, and that Dyce - despite a long history of exemplary performance and promotion - was subjected to excessive micromanagement, disparagement and ultimately retaliation after filing a complaint.
According to the suit, Dyce was denied a promised role in the firm’s private wealth management division shortly after raising internal concerns about race-based disparities and bias in how performance was assessed and rewarded. He was later placed under heightened scrutiny, pressured while on paternity and medical leave, and ultimately terminated under what the lawsuit describes as “pretextual” performance concerns.
“Mr. Dyce’s experience exposes the harsh reality of racial double standards in corporate America,” said Marjorie Mesidor, Principal Attorney at Mesidor PLLC. “J.P. Morgan publicly promotes equity and inclusion, but this lawsuit alleges a pattern of systemic injustice that contradicts those values behind closed doors.”
The complaint details a series of discriminatory practices, including biased performance evaluations, punitive reassignment to underperforming regions, and discipline for utilizing legally protected leave.
“J.P. Morgan’s actions were not only unlawful - they were intentional,” added Itohen Ihaza, Associate Attorney at Mesidor PLLC. “This case is about exposing an institutional culture that punishes Black excellence instead of promoting it.”
Dyce’s complaint references prior legal actions against the bank, including a $24 million settlement involving similar claims of racial bias against Black employees. He now seeks declaratory and injunctive relief, compensatory and punitive damages, and attorneys’ fees.