#legal-fees

#legal-fees

A previously sealed Delaware court filing released Monday offered the most detailed picture yet of JPMorgan's claim that Javice, who was convicted in March of defrauding the largest US bank in a $175 million deal, abused a 2023 order requiring it to cover the costs of her defense. JPMorgan is seeking to avoid $10.2 million in disputed charges and end the requirement that it pay future bills.

"The costs over these last seven years have been astronomical," Spacey said. "I've had very little coming in and everything going out."

According to the filing, Javice's team of lawyers across five law firms have billed JPMorgan approximately $60.1 million in legal fees and expenses, while Amar's lawyers have billed the bank roughly $55.2 million in fees. In total, the bank alleges Javice and Amar's lawyers have racked up legal fees of $115 million, with one law firm receiving $35.6 million in reimbursements alone.

Working for equity can be a gamble, creating the potential for non-payment alongside opportunities for profit if the startup achieves success.

The proposed rise in personal injury award levels would send premiums up for consumers, businesses, and community groups, according to the Alliance for Insurance Reform.

The Injuries Resolution Board has called on the Government to consider changing the law to allow it to sanction the paying of legal fees, which would avoid costly legal bills.