http://www.law360.com/ Latest articles for organization: J.P. Morgan Chase Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/135613 A federal appeals court has reversed a favorable ruling for JPMorgan Chase & Co. in an employment case challenging the bank’s classification of its loan underwriters as exempt from federal overtime requirements. http://www.law360.com/articles/135613 http://www.law360.com/articles/135520 In a victory for investors who collect securities settlements from soon-to-be bankrupt companies, noteholders including Alfa SAP and two ING funds will not have to return early payments they received from Enron to the Enron Creditors Recovery Corp. http://www.law360.com/articles/135520 http://www.law360.com/articles/135497 A federal judge on Thursday pared down a California couple's breach of contract putative class action claiming Washington Mutual Bank unlawfully stripped them of their access to an established $250,000 home equity line of credit. http://www.law360.com/articles/135497 http://www.law360.com/articles/135566 JPMorgan Chase & Co. is the first defendant to reach a settlement in a class action accusing it and other credit card companies of conspiring to force cardholders into arbitration to settle disputes, according to representatives for the plaintiff. http://www.law360.com/articles/135566 http://www.law360.com/articles/135095 JPMorgan Chase & Co. has struck a partial settlement with Affiliated Computer Services Inc. in its patent infringement case over debit card services and check-imaging technology used to process child support payments. http://www.law360.com/articles/135095 http://www.law360.com/articles/135133 JPMorgan Chase & Co. has agreed to pay £1 billion ($1.7 billion) to buy Cazenove Group Ltd. out of its half-stake in the companies' joint venture investment banking operations in the United Kingdom, which would give the financial giant complete ownership of the nearly 200-year-old brokerage. http://www.law360.com/articles/135133 http://www.law360.com/articles/135088 The Operating Engineers Pension Trust's board of trustees has launched a putative class action against JPMorgan Chase Bank NA for allegedly violating the Employment Retirement Income Security Act by taking undue risks with the collateral posted for a securities lending program that borrowed securities in the trust's retirement funds. http://www.law360.com/articles/135088 http://www.law360.com/articles/135123 Unsecured creditors in Idearc Inc.'s bankruptcy have settled a dispute with secured lenders over control of assets including the phone book publisher's advertising revenues and copyrights for its Yellow Pages directories, attorneys for both sides said. http://www.law360.com/articles/135123 http://www.law360.com/articles/134863 Wells Fargo & Co. has reached agreements to buy back about $1.3 billion in auction rate securities and pay a $1.9 million penalty to the state regulators that investigated allegations the bank misled customers about the riskiness of the investment. http://www.law360.com/articles/134863 http://www.law360.com/articles/134813 JPMorgan Chase & Co. and several subsidiaries have reached a settlement with DataTern Inc. in an infringement suit targeting more than a dozen companies over a patent related to database access systems. http://www.law360.com/articles/134813 http://www.law360.com/articles/134663 Scrambling to salvage funds for victims of Robert Allen Stanford’s alleged Ponzi scheme, the receiver for the Stanford estate is looking to finalize the $1.8 million sale of Senesco Technologies Inc. stock once valued at $8 million. http://www.law360.com/articles/134663 http://www.law360.com/articles/134700 The Federal Reserve Bank of New York failed to use its “considerable leverage” in negotiations in fall 2008 to reduce the amount of money it spent to help American International Group Inc. stay alive, according to a report assessing the U.S. government's involvement in the bailout. http://www.law360.com/articles/134700 http://www.law360.com/articles/134624 A U.S. trustee has asked that a bankruptcy court hold back part of any interim compensation to professionals in the Metaldyne Corp. Chapter 11 proceedings, including Jones Day, Foley & Lardner LLP and Reed Smith LLP, until the cases are resolved. http://www.law360.com/articles/134624 http://www.law360.com/articles/134541 The receiver for the estate of accused Ponzi schemer Robert Allen Stanford has lost a bid to keep hundreds of investor accounts frozen in an effort to reclaim payouts investors received before the alleged scheme was revealed. http://www.law360.com/articles/134541 http://www.law360.com/articles/134364 Asserting that the plaintiffs have failed to allege monopolistic practices despite ample discovery time, banks and credit unions in First Data Corp.’s Star electronic payment network have asked a judge to snuff out a long-standing proposed class action accusing the companies of fixing ATM service charges. http://www.law360.com/articles/134364 http://www.law360.com/articles/134013 The Sacramento Municipal Utility District has joined thousands of municipalities across the country in accusing financial giants Bank of America NA, UBS AG and JPMorgan Chase & Co., among many others, of rigging the bids offered in municipal derivatives auctions. http://www.law360.com/articles/134013 http://www.law360.com/articles/133895 Looking to expand its pain treatment portfolio and boost its expertise in biologics, Abbott Laboratories has snapped up PanGenetics BV’s experimental drug for chronic pain in a deal worth up to $190 million. http://www.law360.com/articles/133895 http://www.law360.com/articles/133933 Nortel Networks Corp., on the eve of finalizing an $1.13 billion sale of certain wireless assets to Telefonaktiebolaget LM Ericsson, won bankruptcy court approval on Thursday to have the funds held in an escrow account with JPMorgan Chase Bank NA. http://www.law360.com/articles/133933 http://www.law360.com/articles/133023 Employers in the financial services industry have been particularly hard hit recently by claims that many of their most highly paid employees have been misclassified as exempt. Identifying any issues, and addressing them head on, prior to litigation can save thousands, if not millions, of dollars, say Randy Gidseg, Stephen Jones and Joseph Carello of Nixon Peabody LLP. http://www.law360.com/articles/133023 http://www.law360.com/articles/133746 A Delaware state court has tossed Third Avenue Management LLC's allegations that two subsidiaries of bond insurer MBIA Inc. defrauded debt holders in a corporate restructuring that split MBIA's public finance insurance business from its structured finance insurance business, ruling that the case should be decided in New York. http://www.law360.com/articles/133746