September 24, 2019
A New York federal judge has given the final green light to a $75 million settlement resolving an Employee Retirement Income Security Act class action over JPMorgan Chase & Co.'s management of investments from participants in third-party 401(k) plans, signing off on the participants' bid for $25 million in attorney fees.
November 30, 2017
Four investors who sued JPMorgan Chase & Co. over the performance of several stable value funds that held mortgage-backed securities during the financial crisis are opposing a $75 million settlement struck by other class representatives, telling a New York federal judge on Thursday that a fair sum would be at least $159 million.
November 06, 2017
A class of investors who sued JPMorgan Chase & Co. over the performance of several stable value funds that held mortgage-backed securities during the financial crisis told a federal judge in Manhattan on Friday that they've reached a $75 million settlement with the bank.
April 17, 2017
A New York federal judge has certified a class of employees suing JPMorgan Chase & Co. over allegedly mismanaging hundreds of companies' retirement funds, finding that a possible causal link between the way funds were managed and the loss 401(k)s suffered suggests breach of fiduciary duty.