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Fortune••business
Key Points:
- JPMorgan is disputing $10.2 million in legal fees related to the defense of Elizabeth Javice, who was convicted of defrauding the bank in a $175 million deal, alleging that her lawyers billed unnecessary work and excessive expenses under the assumption the bank would pay.
- The bank criticized Javice’s two largest law firms, Quinn Emanuel and Mintz Levin, accusing them of charging unreasonable fees and expenses, including billing for trial attendance on non-trial days and extravagant items like hotel upgrades and expensive meals.
- Javice’s legal costs have far exceeded those of other high-profile cases, such as Elizabeth Holmes of Theranos, with Quinn Emanuel and Mintz Levin billing over $22 million by August 2024, despite Javice
