Employes v JPMorgan Chase & Co.

JPMorgan Chase & Co. Faces Lawsuit Filed by Former Employees

Two former JPMorgan Chase & Co. employees are seeking class-action status for a lawsuit they filed against the bank's unit.

Alan Krichman and James Howell filed a suit in federal court in Manhattan alleging the New York bank's Chase Investment Services Corp. failed to properly pay overtime to its brokers, or financial consultants, and trainees for working more than 40 hours a week.

The lawsuit also claims the company unlawfully deducted stock losses and commissions paid on a transaction when a customer challenged a transaction.

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