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Judge rules JPMorgan must face lawsuit over investments in Lehman

Judge rules JPMorgan must face lawsuit over investments in Lehman

(Reuters) – A federal judge on Wednesday said JPMorgan Chase & Co (JPM.N) must face a lawsuit by a pension plan that accused it of mismanaging its money by investing in Lehman Brothers Holdings Inc notes before that bank filed for bankruptcy in 2008.

U.S. District Judge Katherine Forrest in Manhattan denied JPMorgan’s bid to dismiss the 2009 lawsuit by the Operating Engineers Pension Trust of Pasadena, California.

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