by Laura Mandaro ,
Originally published: January 18, 217
JPMorgan Chase paid female employees less than their male counterparts, according to a Labor Department lawsuit filed Wednesday that seeks to halt new federal contracts with the massive bank until it compensates the women.
Since at least May 2012, JPMorgan paid at least 93 women employed as lead application developers, project managers and technology directors in its Investment Bank, Technology & Market Strategies unit less than comparable men employed in the same positions, said the suit.
The complaint says JPMorgan failed to make sure the compensation systems for these employees was fair. The agency's Office of Federal Contract Compliance Programs (OFCCP) also seeks relief for the female workers, including lost pay and salary adjustments.