JPMorgan Fails to Dismiss California Debt Collection Case
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JPMorgan Chase & Co. lost a bid to throw out a lawsuit by the California attorney general alleging that the largest U.S. bank by assets illegally tried to collect debt from about 100,000 credit-card borrowers.
California Superior Court Judge Jane L. Johnson in Los Angeles yesterday rejected the bank’s argument that the attorney general’s unfair competition claims were precluded by California legal authority.