JPMorgan Chase NYSE:JPM lost its latest fight over Charlie Javice's legal bills after a Delaware judge ruled the bank must keep paying fees tied to its failed $175 million Frank acquisition.
Bloomberg reported that JPMorgan had challenged about $10 million of the costs, arguing Javice and co-defendant Olivier Amar were treating an earlier fee ruling like a blank check. The broader legal bill has reached $74 million, but Magistrate Christian Wright said JPMorgan failed to prove the fees were clearly excessive, partly because the bank did not provide its own legal bills as a comparison point.
Javice and Amar were found guilty of fraud in 2025 for inflating Frank's customer accounts before the 2021 sale to JPMorgan. Javice was sentenced to 7 years in prison, while Amar received 5.5 years, though both remain free while appealing their convictions.