Judge Rejects JPMorgan Bid to Void Arbitration Award
A California federal judge has denied JPMorgan Chase & Co.'s attempt to void an arbitration panel's decision awarding $4.25 million to a wealth manager.
The judge, while expressing reservations about the arbitrators' award, stated that it does not meet the standard for the court to undo the decision.
JPMorgan Chase & Co.'s subsidiary is likely stuck with the arbitration loss over a food platter.