A clause in JPMorgan's contract with Charlie Javice kept the bank liable for her legal fees. Javice was sentenced to 7 years in prison for tricking JPMorgan into paying $175M for her startup. JPMorgan is disputing what it calls an "egregious" $115 million bill as Javice continues to appeal. JPMorgan wants out of paying for Charlie Javice's legal bills. A clause in JPMorgan's contract with Javice, tied to the original sale of her startup, Frank, has kept the bank liable for her legal fees — even af ...

NEW YORK (AP) — For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, nine-figure legal bill that far exceeds any reasonable amount the two may have needed for their defense, the bank said in a court filing late Friday. Chase shouldn't have to pay and its agreement as part of the startup purchase to shoulder the costs should end, ...