Charlie Javice, once an entrepreneur in the college-loan planning sector who stands accused of defrauding
JP Morgan Chase & Co. during its $175 million acquisition of her company, alleges that the bank is not adhering to stipulated court orders requiring them to cater for her legal defense costs.
As per Javice’s claims presented in a recent Delaware court filing, JP Morgan declined payments for $830,000, aggregating around 20% of her legal expenses till date, in her lawyers’ bills. As a result, she has called for the intervention of the court to enforce JP Morgan’s obligation to foot these bills.
Such an obligation was decided upon in May under the judgment of the Delaware Chancery Court. Judge Kathaleen St. J. McCormick had laid down the order, adhering to a 2021 agreement, that JP Morgan would cover Javice’s legal bills.
Javice had previously come under legal scrutiny when she was charged with defrauding JP Morgan during the bank’s acquisition of her college-loan planning site, an allegation that was part of a transaction worth $175 million.
For more, read the full article at
Bloomberg Law.