Bond

Lawsuit Says Jacksonville Can’t Jail Defendants for Being Too Poor to Pay Bail

A new lawsuit could upend Jacksonville’s system of detaining poor defendants charged with minor crimes. The lawsuit filed Thursday says Jacksonville’s system of money bail — that is, someone charged with a crime must pay a set amount to be released without regard to the defendant’s ability to pay — violates poor defendants’ rights to equal protection under the law. The current system allows the …


JPMorgan Stable Value Fund Lawsuit Gets Class Treatment

Thousands of workers who invested their retirement savings in JPMorgan’s stable value funds got approval to sue the company as a certified class (In re JPMorgan Stable Value Fund ERISA Litig., S.D.N.Y., No. 1:12-cv-02548-VSB, order unsealed 4/17/17 ). The lawsuit accuses JPMorgan Chase & Co. of mismanaging its stable value funds—which are meant to be conservative, low-risk options that protect …