He left Bank of America for a JPMorgan role. Then, he says, HR stopped listening
A former JPMorgan Chase executive says his manager sidelined him, retaliated after HR complaints, and pushed him out because of his race.
Thomas Shaffer, III, who is African American and has worked in private banking since 2011, says he walked away from Bank of America in New York in 2023 for what looked like a step up: an Executive Director SC Banker role at JPMorgan Chase's Indianapolis branch, complete with a spot in the bank's Performance-Based Incentive Compensation Plan. According to the filing, what he found instead was a workplace that slowly shut him out.
The lawsuit, Shaffer v. JPMorgan Chase & Co., No. 1:26-cv-00807 (S.D. Ind.), was filed on April 23, 2026, in the US District Court for the Southern District of Indiana. Shaffer alleges race discrimination and retaliation under Title VII and Section 1981, along with a promissory estoppel claim tied to the cross-country move he and his family made to take the job.
Shaffer says the trouble started almost immediately with his manager, a Managing Director and Market Manager who is identified in the filing as Caucasian. He alleges she required him to move his workstation to a spot in front of hers, according to the filing, "to keep an eye on him," while white colleagues were free to sit where they liked. Business leads, he claims, rarely came his way. Non-African American peers, he says, got her help building and keeping client...
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