JPMorgan Wins Judgment In ERISA Class Action

Law360, New York (April 1, 2010, 5:26 PM EDT) -- A federal judge has handed JPMorgan Chase & Co. a judgment on the pleadings in a putative class action accusing the financial giant of mishandling employees' retirement accounts by investing them in company stock while failing to disclose it had billions of dollars in undisclosed loss exposure to Enron Corp.

Judge Sidney H. Stein of the U.S. District Court for the Southern District of New York on Wednesday granted JPMorgan's request for a judgment on the pleadings, ruling that the plaintiffs did not set forth a...
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