JPMorgan Chase & Co. must face a U.S. Labor Department lawsuit that alleges the company systematically paid female employees less than men, a federal labor appeals panel has ruled, putting a fresh spotlight on pay equity in the financial services industry.
The decision by a three-judge Administrative Review Board panel, issued on Oct. 5 but not widely reported, marked the second time JPMorgan lost an effort to dismiss the claims.
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Mike Scarcella
Mike Scarcella is a senior editor in Washington on ALM Media's regulatory desk. Contact him at [email protected]. On Twitter: @MikeScarcella. Mike works on a slate of newsletters: Supreme Court Brief | Higher Law | Compliance Hot Spots | Labor of Law.
