JPMorgan's $115 Million Legal Bill Nightmare

JPMorgan Chase is battling a $115 million legal bill from the Frank startup founders they're accusing of fraud, calling the costs abusive and seeking court intervention to halt payments. The bank claims the legal fees for Charlie Javice and Olivier Amar far exceed reasonable defense costs, even dwarfing Elizabeth Holmes' Theranos expenses, and threatens their business. This case could set a precedent for how legal fees are handled in acquisitions between big banks and startups.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.