Class Action Against JPMorgan Can Go Forward

JPMorgan Chase & Co. lost petition for dismissal of a lawsuit in which consumers accused the second- biggest U.S. bank of wrongly cutting home-equity lines of credit. U.S. District Judge Rebecca Pallmeyer in Chicago allowed case against JPMorgan Chase & Co.┬áto go forward on some claims while dismissing allegations that the lender had engaged in fraudulent practices. The ruling comes in a consolidated class action, or group lawsuit, … [Read more...]