Reported about 12 hours ago
JPMorgan Chase is seeking to avoid paying a staggering $115 million in legal fees accrued by Charlie Javice and Olivier Amar, the convicted fraudsters behind the financial aid startup Frank, which the bank purchased. The bank claims the charges are excessive and argues that its obligation to cover these costs should end, as the total legal expenses significantly surpass what is reasonable for their defense, far exceeding even other high-profile legal cases.
Source: YAHOO