Whitley v. J.P. Morgan Chase
Representative Cases – The firm represented a class of retirement investors concerning the management of their JP Morgan Chase Stable Value Fund. The firm was able to successfully reach a settlement for the investors, due to the JP Morgan’s investments in risky mortgage-backed assets. The firm argued that JP Morgan’s investing of its purportedly conservative funds in unduly risky mortgage assets violated its ERISA duties of care, skill, prudence, and diligence, etc. Recently, the case was settled on behalf of the investors for more than $70 Million.