JPMorgan Can't Enforce Class Action Waiver, 6th Circ. Told

Law360, New York (January 16, 2013, 5:57 PM EST) -- A Second Circuit ruling that class arbitration waivers are unenforceable if they make it too expensive for individuals to enjoy their statutory rights bars JPMorgan Chase Bank NA from enforcing a similar clause, an Ohio man accusing the bank of antitrust violations told the Sixth Circuit on Tuesday.

Christopher Lowry sued JPMorgan in early 2012, accusing the bank of violating the Clayton Act by charging improper fees on his auto loan, assessing inflated interest rates and paying illegal kickbacks connected to the loan. Though the district...
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