JPMorgan Brokers' Overtime Lawsuit OK To Proceed

Law360, New York (December 9, 2008, 12:00 AM EST) -- A federal judge has ruled that two former JPMorgan Chase & Co. brokers can sue the financial firm for violating federal and state labor laws by failing to properly pay them for all hours worked over 40 per week.

In a decision signed Monday in the U.S. District Court for the Southern District of New York, Judge George B. Daniels denied JPMorgan Chase and Chase Investment Services Corp.'s motion to dismiss the proposed class action for failure to state a claim upon which relief could be...
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