Probate Judge Largely Wipes Out Widow’s Big Verdict Against JPMorgan
Image by Ben Sutherland
JPMorgan Chase & Co. was ordered to pay $7.1 million to the widow of a deceased American Airlines executive in a ruling that largely wiped out her portion of a Dallas jury’s $8 billion verdict against the bank for mismanaging the family estate, Bloomberg reports.
The September jury award that was the highest in the U.S. for 2017, according to reporter Tom Korosec.
“Judge Brenda Thompson concluded a final judgment was proper under the circumstances and ordered the bank to pay $781,432 in actual damages; more than $5 million in lawyers’ fees; almost $1 million in exemplary damages; and more than $255,000 prejudgment interest on the actual damages,” Korosec writes.
