Payout Recipients To Join JPMorgan ERISA Class Suit

Law360, New York (January 7, 2009, 12:00 AM EST) -- A judge presiding over litigation involving JPMorgan Chase & Co.'s retirement plan is allowing several thousand former employees who have already obtained a lump-sum payment to join the class, although she rejected a bid by the plaintiffs to add even more class members.

In a pair of opinions issued Tuesday, Judge Denise Cote of the U.S. District Court for the Southern District of New York ruled that people who received lump-sum payouts of their retirement benefits should not be excluded from a class for lack of...
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