JPMorgan's Legal Payment Dispute with Charlie Javice Escalates

1 min read
Source: Yahoo Finance
TL;DR Summary

Charlie Javice, the founder of startup Frank, claims that JPMorgan Chase is refusing to pay her legal fees of nearly $3.8 million, despite a court order. JPMorgan had agreed to acquire Frank for $175 million but later sued Javice and convinced prosecutors to charge her with fraudulently inflating the value of her startup. Javice's lawyers accuse the bank of using "red tape" to avoid paying the fees and claim that JPMorgan's objections are baseless. The unpaid tab amounts to over $835,000, approximately 22% of the total sought.

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