Martinis, seafood, and a plastic cup: The zany expenses at the center of JPMorgan's latest dispute with Charlie Javice [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
See a slideshow of some of the zanier expenses at the center of this dispute. Gummy bears, ice cream, cookies, and martinis may sound like the makings of a holiday party, but they are among the expenses now at the center of a legal fight between JPMorgan Chase and convicted startup founder Charlie Javice. Javice was sentenced to seven years in prison earlier this year over fraud tied to Frank, the financial aid startup she sold to JPMorgan in 2021 for $175 million. Despite that conviction, JPMorgan has been ordered to pay the legal bills of its former executive. JPMorgan, which has already covered some $60 million in legal expenses for Javice, is now asking a Delaware Court of Chancery judge to relieve it of an additional $18 million in expenses. It argued that Javice and her attorneys have abused the advancement system by running up excessive and improper legal expenses. Javice's lawyers have until January 5 to respond. On Tuesday, Quinn Emanuel, which represents Javice in
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