Today Makes Tomorrow (TMT) has lodged a lawsuit

Bunktrupt Taiwanese shipowner Today Makes Tomorrow (TMT) has lodged a lawsuit against JP Morgan Chase over allegations about wrongfully failing to turn over the TMT’s cash. US federal court in New York civil complaint alleges that TMT has been unable to regain access to at least $5.2 million of deposits at Royal Bank of Scotland (RBS) that were transferred to a JP Morgan account. In July 2007, TMT deposited $5 million into the account and was transferred to a JP Morgan account “for the benefit of TMT”, according to legal papers filed by lawyers. New York based lawyers say Today Makes Tomorrow (TMT) has demanded the return of the $5.2m or, if it is no longer at the JP Morgan bank, that JP Morgan provides information about its current location. Today Makes Tomorrow (TMT) also has asked for account statements for any cash held in the company’s name by JP Morgan.