2nd Circ. Revives ERISA Suit Against JPMorgan

Law360, New York (December 30, 2008, 12:00 AM EST) -- A federal appeals court has revived a proposed class action alleging JPMorgan Chase & Co. and several of its officers improperly invested employees' retirements funds in company stock while hiding the bank's involvement in the Enron Corp. fraud.

The U.S. Court of Appeals for the Second Circuit vacated a lower court summary judgment ruling after determining that requirements for the plaintiffs' standing to bring the suit under the Employee Retirement Income Security Act had changed since the order was issued.

The district court had determined the...
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