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Former JPMorgan banker adds defendants to racism, sexual harassment lawsuit

Created at 27 Jul · 5:17 PM1 source↑ Market-relevant
IN SHORT

A former JPMorgan Chase banker has expanded his lawsuit alleging sexual harassment and racism, adding new defendants and claiming the bank's culture destroyed his career. The banker, Chirayu Rana, alleges he was subjected to degrading jokes and coercion.

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Key Numbers

$2 millionannual pay for Rana before allegations
82-pagelength of the new complaint
$4.25 millionarbitration award to another former employee
$37.6 billionJPMorgan profit in first half of 2026

Who's Involved

Chirayu Rana
Former JPMorgan Chase banker suing for sexual harassment and racism
JPMorgan Chase
Bank facing expanded lawsuit from former employee
Lorna Hajdini
JPMorgan executive director accused of sexual coercion
Brandon Graffeo
JPMorgan managing director added as defendant
Jon Wolter
JPMorgan managing director added as defendant
Kelly Crowe
JPMorgan associate accused of racial discrimination
Jon Norinsberg
Lawyer for Chirayu Rana

↳ Why This Matters

This case highlights serious allegations of systemic racism and sexual coercion within a major financial institution, potentially impacting JPMorgan Chase's reputation and leading to significant legal and financial repercussions if proven true. It also underscores the challenges faced by individuals from minority backgrounds in corporate environments.

Key facts

  • A former JPMorgan Chase banker, Chirayu Rana, has expanded his lawsuit alleging sexual harassment and racism.
  • Rana claims racism was ingrained in his team, with colleagues making degrading jokes and suggesting he transact in rupees.
  • He accuses a JPMorgan executive director of coercing him into sex and demanding submissiveness for career advancement.
  • New defendants include JPMorgan managing directors Brandon Graffeo and Jon Wolter, and associate Kelly Crowe.
  • The lawsuit alleges Rana's career has been destroyed and his reputation ruined as a result of the misconduct.
  • JPMorgan maintains that Rana's allegations are meritless.

A former JPMorgan Chase banker, Chirayu Rana, has significantly expanded his lawsuit alleging sexual harassment and racism, adding new defendants and asserting that the bank's pervasive culture of discrimination has irrevocably destroyed his career. Rana, who is of Nepali descent, claims he was subjected to a stream of degrading jokes and racial slurs by his all-white leveraged finance team, including being called a "monkey" and "brown boy."

In an 82-page complaint filed in Manhattan federal court, Rana also renewed allegations against JPMorgan executive director Lorna Hajdini, accusing her of coercing him into sex and demanding his submissiveness as a condition for career advancement. He stated that Hajdini repeatedly told him she "owned" him. Rana, who was once a leading deal originator earning over $2 million annually, claims he has been "effectively blackballed" and that his professional relationships have been shattered, with his career reduced to "rubble"—an outcome he asserts was the intended result of the defendants' misconduct.

JPMorgan has previously stated that it believes Rana's allegations are meritless. The bank and its lawyers had no immediate comment on the expanded lawsuit. Hajdini has also denied Rana's claims and countersued him for defamation, alleging his lies have caused significant disruption to her life.

The updated complaint introduces three new defendants: JPMorgan managing directors Brandon Graffeo and Jon Wolter, and associate Kelly Crowe. Rana alleges Graffeo "led" his degradation and that Graffeo and Wolter actively worked to poison his reputation within the private credit and leveraged finance industry after his resignation. Crowe is accused of calling him "brown boy" and an "HR liability."

Rana's lawsuit, which includes 21 counts, seeks unspecified compensatory and punitive damages, front and back pay, and other remedies for alleged violations of federal civil rights laws, the Family and Medical Leave Act, and New York state and city human rights laws. Claims include sexual and racial discrimination, harassment, retaliation, defamation, and sexual assault against Hajdini. Rana's lawyer, Jon Norinsberg, stated that they intend to hold the defendants fully accountable for the catastrophic harm caused to Rana's career, reputation, and life.

Frequently asked questions

Rana alleges sexual harassment, sexual coercion, racial discrimination, and retaliation by colleagues and superiors at JPMorgan Chase, claiming his career has been destroyed as a result.

The new defendants include JPMorgan managing directors Brandon Graffeo and Jon Wolter, and associate Kelly Crowe.

JPMorgan Chase has stated that it believes Rana's allegations are meritless.

Rana is seeking unspecified compensatory damages, punitive damages, front and back pay, and other remedies.

What Happens Next

01JPMorgan Chase and the newly added defendants are expected to respond to the expanded lawsuit.
02The case will proceed through the federal court system, potentially involving further legal filings and discovery.

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Cadence

How It Developed

Chirayu Rana, a former JPMorgan Chase banker, filed a lawsuit alleging sexual harassment and racism.
Rana added new claims and defendants to his lawsuit, stating the bank's culture irreparably destroyed his career.
He alleged racism within his all-white leveraged finance team, including being called a "monkey" and "brown boy."
Rana also accused a JPMorgan executive director of coercing him into sex and demanding submissiveness for career advancement.
The lawsuit claims Rana, once a top deal originator, has been "effectively blackballed" and his reputation destroyed.
JPMorgan stated it believed Rana's allegations were meritless.
The new complaint adds JPMorgan managing directors Brandon Graffeo and Jon Wolter, and associate Kelly Crowe as defendants.
Rana alleges Graffeo led his degradation, and Graffeo and Wolter poisoned his reputation after his resignation.

Sources

T1
Former JPMorgan Chase banker expands lurid sexual harassment, racism lawsuitReuters

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