JPMorgan Class Waiver Deemed Unlawful By NLRB Judge

Law360, New York (August 22, 2013, 4:31 PM EDT) -- A National Labor Relations Board judge ruled Wednesday that JPMorgan Chase & Co.'s mandatory individual arbitration agreement violated federal labor law, rejecting the financial giant's attempts to distinguish its class waiver from the one the board struck down in D.R. Horton.

Administrative Law Judge Steven Fish found that under the board's D.R. Horton ruling, which found the homebuilder's mandatory arbitration agreement unlawful, JPMorgan had violated the National Labor Relations Act by requiring its employees to sign as a condition of employment arbitration agreements waiving their right...
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