JPMorgan to Pay Widow $7.1 Million of Multibillion Verdict
Photographer: Simon Dawson/Bloomberg
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JPMorgan Chase & Co. was ordered to pay $7.1 million to the widow of a deceased American Airlines executive in a ruling that largely wiped out her portion of a Dallas jury’s $8 billion verdict against the bank for mismanaging the family estate.
The decision Wednesday by a Texas probate judge caps months of wrangling since the September jury award that was the highest in the U.S. for 2017.