Jpmorgan Chase & Co
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Chase to pay $19M to settle black financial advisors' suit alleging denied opportunities; lawyers to claim $5.5M
JP Morgan Chase Bank has agreed to pay more than $19.5 million to settle a class action suit brought in Chicago federal court by several of its employees, who alleged the banking giant assigned its black and African-American financial advisors to less profitable locations and denied them other opportunities to get ahead, because of their race.