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JPMorgan Seeks to Terminate Legal Cost Coverage for Fraud Convicts

10/25/2025

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Summary

Story summary

JPMorgan Chase seeks to end its obligation to cover legal costs for Charlie Javice and Olivier Amar, convicted of defrauding the bank in the Frank sale.
The bank says it has paid $115 million in legal fees, describing the amount as unprecedented.
Javice is appealing her conviction and faces a seven-year sentence.
Amar awaits sentencing.
JPMorgan has asked the court to terminate its payment obligations, calling the fees abusive.

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Story summary

JPMorgan Chase seeks to end its obligation to cover legal costs for Charlie Javice and Olivier Amar, convicted of defrauding the bank in the Frank sale.
The bank says it has paid $115 million in legal fees, describing the amount as unprecedented.
Javice is appealing her conviction and faces a seven-year sentence.
Amar awaits sentencing.
JPMorgan has asked the court to terminate its payment obligations, calling the fees abusive.