JPMorgan Seeks to Halt Legal Fee Payments for Charlie Javice
JPMorgan Chase is seeking to end its obligation to cover over $115 million in legal fees incurred while defending convicted fraudsters Charlie Javice and Olivier Amar, who sold their startup Frank to the bank and were convicted of fraud. The bank argues that the legal bills are excessively high and treat the process as a 'blank check,' significantly exceeding typical costs for similar cases, and is requesting court intervention to stop further payments.