A DOL panel has ruled that JPMorgan Chase & Co. must face a lawsuit that alleges the company systematically paid female employees less than men. (Photo: Getty)

JPMorgan Chase & Co. must face a U.S. Labor Department lawsuit that alleges the company systematically paid female employees less than men, a federal labor appeals panel has ruled, putting a fresh spotlight on pay equity in the financial services industry.

The decision by a three-judge Administrative Review Board panel, issued on Oct. 5 but not widely reported, marked the second time JPMorgan lost an effort to dismiss the claims.

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