JPMorgan's Cost to Settle $8 Billion Verdict Shrouded in Secrecy
Photographer: Jeremy Bales/Bloomberg
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How much JPMorgan Chase & Co. will pay to make an $8 billion jury award go away may never be publicly known -- but it almost certainly won’t be more than $90 million.
The bank this week reached a confidential settlement with the children of a deceased American Airlines executive who persuaded jurors in September to sock the company with the biggest U.S. verdict of 2017 over claims that it mismanaged Max Hopper’s $19 million estate.