US EditionJPMorgan Seeks to End $74M Legal Bill for Convicted Fraudster
JPMorgan challenges paying $74 million of Javice's legal fees, calling the $115 million total bill abusive amid her conviction for startup fraud.
- Seeking relief, JPMorgan asked the Delaware federal court late Friday to end paying $74 million billed for Charlie Javice, citing excessive charges and potential abuse.
- Investigators say Charlie Javice fabricated data showing Frank had over 4 million users when it had fewer than 300,000, underpinning fraud charges against Javice and co-defendant Olivier Amar.
- Records submitted to the court list that Javice's legal team billed JPMorgan approximately $60.1 million, Amar's lawyers roughly $55.2 million, with one law firm receiving $35.6 million, and include unusual charges like cellulite cream and hotel upgrades.
- Delaware Magistrate Christian Wright has signaled willingness to reconsider payments if abuse is shown; JPMorgan Chase warned it would be 'irreparably injured' by what it called 'abusive billing.'
- Under the sale agreement, an early Delaware court ruling required JPMorgan to advance legal fees, Charlie Javice continues to invoice for appeal expenses, and her team includes Alex Spiro, Quinn Emanuel partner.
10 Articles
10 Articles
JPMorgan balks at $115 million legal tab for convicted fraudsters and says Charlie Javice's lawyers are treating it 'like a blank check'
A court previously ruled JPMorgan was required to advance Javice and Amar for any legal fees, which was part of the bank’s agreement when Frank was acquired in 2021.
JPMorgan Seeks to End Javice’s ‘Blank Check’ for Legal Fees
JPMorgan Chase & Co. asked a Delaware judge to end its obligation to cover legal costs for Charlie Javice and another executive convicted of defrauding the bank, calling the $115 million it’s already paid “unprecedented and shocking.”
Explosive allegations claim fraudster billed JPMorgan for cellulite butter, luxe items as part of $74M legal tab
Charlie Javice, the startup founder convicted of defrauding JPMorgan Chase, stuck the bank with bills for cellulite butter, luxury hotel upgrades and lawyers who claimed to work 24 hours in a single day, according to explosive allegations in court Friday.
JPMorgan is stuck paying for Charlie Javice's legal fees. The bank says her $115 million bill is 'patently excessive and egregious'
A clause in JPMorgan's contract with Charlie Javice kept the bank on the hook for her legal fees. JPMorgan says it's stuck with an "egregious" bill.
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