JPMorgan Loses Bid To Thwart Class Arbitration In Wage Suit

Law360, New York (November 15, 2013, 4:06 PM EST) -- A California federal judge on Thursday rejected JPMorgan Chase & Co.'s attempt to stop two former appraisers from arbitrating wage-and-hour claims on a classwide basis, holding that it wasn't in the court's purview to decide whether their agreement authorized class proceedings.

U.S. District Judge Josephine L. Staton denied JPMorgan's motion to compel arbitration on an individual basis, relying on a 2003 plurality ruling by the U.S. Supreme Court in Green Tree v. Bazzle as “useful guidance” even though that opinion wasn't binding. 

Judge Staton noted that...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Kenneth J Lee et al v. JPMorgan Chase and Co et al


Case Number

8:13-cv-00511

Court

California Central

Nature of Suit

Labor: Fair Standards

Date Filed

March 29, 2013

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.