Judge Greenlights JPMorgan Pension Case

Law360, New York (November 1, 2006, 12:00 AM EST) -- Departing from the reasoning in a recent closely watched decision involving International Business Machine Corp.'s cash-balance pension plan, a federal judge on Monday refused to dismiss a similar case in which former employees at JPMorgan Chase & Co. alleged that the bank’s plan was age-discriminatory.

The ruling, handed down on Monday by Judge Harold Baer Jr. of the U.S. District Court for the Southern District of New York, came in response to JPMorgan’s bid to toss former employees’ claims that the bank’s pension plan discriminates against...
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