Legal
JPMorgan Says Javice’s ‘Army’ of 77 Lawyers Is Overbilling Fees
- Bank objects to her team’s invoices for civil, criminal cases
- She has faulted bank for rejecting $830,000 in legal fees
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JPMorgan Chase & Co. said it’s being overbilled by an “army” of lawyers working for Charlie Javice, the onetime entrepreneur accused of defrauding the bank in a $175 million buyout of her college-loan-planning site.
Javice has a team of three law firms working on her defense, with a total of 77 attorneys representing her, the bank said in a filing in Delaware Chancery Court that was made public Monday. Her lead lawyer, Alex Spiro, is charging the bank $2,025 an hour to defend her against both criminal charges and the bank’s lawsuit over the deal, the unsealed filing shows.