As the fallout continues from news of JPMorgan Chase’s $2 billion trading loss, a new lawsuit has been launched against the company, claiming the company abused its fiduciary duties and torpedoed their retirement holdings.

According to Reuters, the suit, filed in U.S. District Court in New York City, alleges that JPMorgan executives Jamie Dimon and Ina Drew violated their 401(k) responsibilities by using company stock as an investment option, not being clear about the stock’s risks and not moving the participants to safer choices.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?

Dig Deeper



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.