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After $175 Million Scam, JPMorgan Battles $115M in Legal Fees: 'Patently Excessive and Egregious'
Yahoo Finance· 2025-10-26 23:36
JPMorgan Chase & Co. is trying to avoid a staggering $115 million legal bill linked to two convicted fraudsters who deceived the bank, causing a loss of $175 million. In a court filing on Friday, JPMorgan contested a prior ruling that required it to cover the legal costs of its former business associates, Charlie Javice and Olivier Amar, who were found guilty of defrauding the bank of a substantial sum. The legal representatives of Javice and Amar have reportedly invoiced JPMorgan approximately $60.1 mill ...