JPMorgan to Pay Javice's Legal Fees Amid Lawsuit.
TL;DR Summary
JPMorgan Chase & Co. has been ordered by a Delaware court to pay the legal fees of Charlie Javice, founder of college-loan-planning site Frank, in a lawsuit accusing her of defrauding the bank in its $175m acquisition of the site. Javice and another Frank executive, Olivier Amar, were sued by JPMorgan for fraud in December 2021, and both turned around and sued the bank for legal fees. JPMorgan argued that the fraud allegations negated its obligations, but the judge concluded that the bank was legally obligated to cover Javice’s legal bills.
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