Skip to content
Subscriber Only

JPMorgan’s $8 Billion Jury Loss to Widow Faces Massive Reduction

  • Plaintiffs concede jury awarded too much money in estate fight
  • Widow, children of executive claimed mismanagement of estate
JPMorgan Chase & Co. headquarters

JPMorgan Chase & Co. headquarters

Photographer: Ron Antonelli

JPMorgan Chase & Co. will probably face a judgment of no more than $90 million in a lawsuit claiming mismanagement of an estate that initially brought a jury verdict of $8 billion in punitive damages.

A Dallas jury in September awarded excessive punitives and duplicate actual damages, the widow and children of Max Hopper, a former American Airlinesexecutive, said in court filings.