Barroway Named JPMorgan ERISA Suits Lead Counsel

Law360, New York (June 2, 2009, 12:00 AM EDT) -- Barroway Topaz Kessler Meltzer & Check LLP has been picked as interim lead class counsel in a group of three consolidated lawsuits accusing JPMorgan Chase Bank NA of mismanaging huge amounts of cash collateral belonging to several retirement funds.

The lawsuit, in the U.S. District Court for the Southern District of New York, accuses the bank of bungling investments worth billions of dollars when it purchased notes that were intended to provide safe and stable returns but did not.

The collateral was raised through the bank's...
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