A Delaware judge rules that JPMorgan Chase must continue paying Charlie Javice’s legal defense costs in her ongoing dispute. Bloomberg reports the court rejects JPMorgan’s attempt to stop payment, saying the bank did not demonstrate that Javice’s legal fees—reported as totaling about $74 million—are clearly excessive. Business Insider similarly states that the bank must keep paying Javice’s legal bills and notes that the expenses include small items such as $530 for gummy bears. Other coverage indicates JPMorgan’s effort to challenge or end responsibility for the legal expenses fails, leaving Javice’s defense funded by the bank for now. The ruling centers on whether the fees charged are so unreasonable that JPMorgan can withhold payment under the terms governing coverage of Javice’s defense costs. The decision is described as a defeat for JPMorgan’s position, with the judge requiring continued payment pending further developments in the underlying case.
Delaware judge orders JPMorgan to continue paying Charlie Javice’s legal fees
A Delaware judge rules that JPMorgan Chase must continue paying Charlie Javice’s legal defense costs in her ongoing dispute. Bloomberg reports the court rejects JPMorgan’s attempt to stop payment, say...
- A Delaware judge rules JPMorgan Chase must continue paying Charlie Javice’s legal defense costs.
- JPMorgan sought to stop payment of Javice’s legal bills but the court rejects that request.
- Reports describe Javice’s legal fees as totaling about $74 million.
- Coverage indicates the judge finds JPMorgan did not show the fees are clearly excessive.
- Business Insider reports the reimbursed costs include small expenses, such as $530 for gummy bears.
JPMorgan Chase must continue paying Charlie Javice's legal fees. The bank said expenses have included $530 on gummy bears.
1 month agoA Delaware judge said JPMorgan Chase & Co. failed to show that Charlie Javice‘s $74 million in legal fees were clearly excessive, ruling the bank must continue to pay her bills.
1 month ago
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