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JPMorgan Moves To Consolidate Overtime Actions

Law360 (December 1, 2008, 12:00 AM EST) -- Chase Investment Services Corp. and JPMorgan Chase & Co. have asked the U.S. Judicial Panel on Multidistrict Litigation to consolidate a number of collective actions that accuse the bank of failing to pay its financial advisers overtime wages in violation of federal and state labor laws.

JPMorgan lodged a notice of its motion with the MDL panel on Tuesday in the U.S. District Court for the District of New Jersey, where it seeks ultimately to consolidate cases from the Southern District of New York and Northern...
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