JPMorgan Chase & Co. reveals Charlie Javice’s $74 million legal fee tab included over $5 million for lawyers attending her fraud trial. Javice, convicted of defrauding JPMorgan in a $175 million deal, faces scrutiny over excessive fees. The bank aims to dispute $10.2 million in charges and end future payments, criticizing unnecessary work by Javice’s law firms. Javice’s defense costs far exceed those of Theranos founder Elizabeth Holmes. JPMorgan highlights exorbitant fees from two major law firms and questions the necessity of additional counsel during trial. Javice’s lawyers billed for excessive expenses, including luxury items and lavish meals. Javice, sentenced to seven years in prison, must repay legal fees, but JPMorgan may only recoup a fraction. The legal dispute plays out in Delaware Chancery Court.
Read more at Yahoo Finance: JPMorgan says Javice firms billed millions just for ‘attendance’
