JPMorgan Can't Duck Lehman Investment Class Action

Law360, Los Angeles (March 27, 2013, 10:55 PM EDT) -- A New York federal judge on Wednesday blocked JPMorgan Chase Bank NA’s bid to have a putative class action tossed that alleges the banking giant breached its fiduciary duties to a pension fund by investing its assets in Lehman Brothers Holdings Inc. notes despite knowing Lehman was about to collapse.

U.S. District Judge Katherine B. Forrest denied the bank’s motion to dismiss a third amended class action complaint filed by the Operating Engineers Pension Trust, finding that the pension fund had sufficiently pled its fiduciary duty...
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