JPMorgan Gets Overdraft-Fee Case Sent To Arbitration

Law360, Los Angeles (January 30, 2014, 9:01 PM EST) -- The lead plaintiff in a putative class action against JPMorgan Chase & Co. on Thursday lost her bid to keep the dispute over the bank's overdraft protection program out of arbitration, when a New York federal judge ruled the arbitration agreement was valid.

U.S. District Judge Katherine Polk Failla rejected Laurie Scott’s argument that her status as a putative class member in a separate suit over arbitration, in which JPMorgan agreed to settle, kept her from facing arbitration in her dispute over the fees and interest...
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