JPMorgan Sued Over $3.8M in Legal Fees for Acquisition Target After Buyer's Remorse

JPMorgan agreed to pay $175M to acquire Javice's startup Frank but later sued her and got prosecutors to charge her criminally.

A judge said JPMorgan still had to pay Javice's legal fees under acquisition agreements, totaling almost $3.8M.

Javice's lawyers say JPMorgan is defying the order and refusing to pay $835K of the fees.

JPMorgan claims some fees were for work not covered and some charges were vague or suspicious.

Javice's legal bills are high but not unusual for complex cases involving top lawyers charging over $2K per hour.