JPMorgan Must Face Gender Pay Discrimination Lawsuit, U.S. Labor Panel Says
The Labor Department's suit alleges JPM paid certain female employees less than male counterparts.JPMorgan Chase & Co. must face a U.S. Labor Department…
October 16, 2017 at 07:28 PM
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The original version of this story was published on Law.com
The Labor Department's suit alleges JPM paid certain female employees less than male counterparts.
JPMorgan Chase & Co. must face a U.S. Labor Department lawsuit that alleges the company systematically paid female employees less than men, a federal labor appeals panel has ruled, putting a fresh spotlight on pay equity in the financial services industry.
The decision by a three-judge Administrative Review Board panel, issued on Oct. 5 but not widely reported, marked the second time JPMorgan lost an effort to dismiss the claims. The financial institution, represented by a team from McGuireWoods, earlier failed to convince an administrative law judge to dismiss the Labor Department's allegations. The review board this month rejected a petition from the bank that could have shut down the case.
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