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2nd Circ. Mulls ERISA Breach Test In 'London Whale' Action

By Pete Brush (August 31, 2016, 7:49 PM EDT) -- The Second Circuit tussled Wednesday with the U.S. Supreme Court's standard for adequately pleading breach of fiduciary duty under the Employee Retirement Income Security Act, with one judge calling the "more harm than good" test convoluted, as JPMorgan Chase workers sought to revive class claims tied to the $6 billion "London Whale" debacle....

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