JPMorgan dismisses legal tab for scammers and says Javice’s lawyers are treating it ‘like a blank check’

But the two presented an astronomical, nine-figure legal bill that far exceeds any reasonable amount the two might need for their defense, the bank said in a lawsuit late Friday. The bank said Chase should not have to pay, and its approval should expire as part of the startup’s purchase to defray the costs.

According to the filing, Javice’s team of lawyers across five law firms billed JPMorgan for approximately $60.1 million in legal fees and expenses, while Ammar’s lawyers billed the bank for approximately $55.2 million in fees.

In total, the bank claims that Javis and Amar’s lawyers incurred $115 million in legal fees, with one law firm receiving $35.6 million in damages alone. In comparison, Elizabeth Holmes, who was convicted of defrauding investors in the Theranos case, reportedly ended up with a legal bill of about $30 million.

The bank said the bank would be “irreparably harmed” if the court did not put an end to the “abusive billing.” Chase said Javis and her attorneys treated the process “like a blank check.”

Javis, 33, was convicted in March of Deception of the banking giant When she bought her company, called Frank, in the summer of 2021. She made false filings that made it look like Frank had more than 4 million customers when she had fewer than 300,000. Ammar was convicted on the same charges.

Early in the case, a Delaware court ruled that the bank was required to pay Javice and Amar for any legal fees, which was part of the bank’s agreement when Frank was acquired in 2021.

Part of Javice’s legal team is Alex Spiro of Quinn Emanuel, who is also the attorney who previously represented Elon Musk. Spiro did not immediately respond to an email request for comment.

A law firm representing Ammar did not immediately respond to a request for comment.

“The legal fees requested by Charlie Javis and Olivier Ammar are clearly excessive and outrageous,” said Pablo Rodriguez, a spokesman for the bank. “We look forward to sharing the details of this violation with the court in the coming weeks.”