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JPMorgan sued over employee retirement plan losses
By Andy StonehouseThe lawsuit, which is seeking class-action status, alleges that JPMorgan Chase violated its 401(k) responsibilities by investing in mismanaged assets.
With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
The lawsuit, which is seeking class-action status, alleges that JPMorgan Chase violated its 401(k) responsibilities by investing in mismanaged assets.