JPMorgan Files Two Lawsuits in Greece and UK Over Viva Wallet
The Viva Wallet offices in Athens, Greece.
Photographer: Nick Paleologos/BloombergThis article is for subscribers only.
JPMorgan Chase & Co. filed two new lawsuits over its investment in Greek fintech Viva Wallet in a messy dispute with its join venture partner Werealize.com Ltd.
In a Greek lawsuit the bank is claiming €916 million ($943 million) over allegations that Viva’s chief executive officer, Haris Karonis, and three other executives deprived JPMorgan of the value of its 2022 investment, according to a person familiar with the matter.