JPMorgan Workers' ERISA Case Denied High Court Review

Law360, New York (November 13, 2012, 5:41 PM EST) -- The U.S. Supreme Court declined Tuesday to hear an appeal by JPMorgan Chase & Co. employees who claim the financial firm is at fault for sinking employees' retirement investments into JPMorgan's own stock during its fraught dealings with Enron Corp.

The high court's action lets stand a Second Circuit ruling that JPMorgan's retirement plan administrators don't have a fiduciary duty under the Employee Retirement Income Security Act to know whether their employer's own stock is a risky investment or avoid it if it is.

Isadore Fisher...
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