JPMorgan Chase is reportedly seeking to end its obligation to pay legal fees for Charlie Javice, the founder of Frank, who was found guilty of defrauding the bank. Despite a contract clause, JPMorgan argues the $60.1 million already advanced for her defense and appeal is “patently excessive and egregious,” citing multiple law firms and high hourly rates.
‘Patently excessive’: JP Morgan fumes as it foots $60 m bill for founder; calls fees ‘abuse’
