Narrowed Class Certified In Suit Over Excessive Fees For JPMorgan Retirement Plan

Mealey's (June 14, 2019, 9:29 AM EDT) -- NEW YORK — A federal judge in New York on June 11 certified a class of participants in JPMorgan Chase Bank N.A.’s 401(k) plan suing over allegedly excessive fees for certain options after narrowing the definition to exclude participants who invested only when there were reasonable fees or no fees at all (Terre Beach, et al. v. JPMorgan Chase Bank, National Association, et al., No. 17-563, S.D. N.Y., 2019 U.S. Dist. LEXIS 97946)....