Chase Arbitration Bid Fails In Appraiser OT Action

Law360, New York (March 14, 2011, 1:38 PM EDT) -- A California federal judge Friday rejected JPMorgan Chase Bank NA's bid to arbitrate or stay a putative class action alleging the banking giant misclassified its home appraisers as exempt from overtime pay.

Judge Saundra Brown Armstrong of the U.S. District Court for the Northern District of California faulted Chase’s handling of the case and said the parties’ patchy arguments regarding the arbitration of the wage-and-hour claims prevents compelling an out-of-court resolution.

The plaintiffs contend Chase misclassified its appraisers as salaried employees and failed to pay them...
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