JPMorgan Chase & Co. is trying to avoid a staggering $115 million legal bill linked to two convicted fraudsters who deceived the bank, causing a loss of $175 million.
In a court filing on Friday, JPMorgan contested a prior ruling that required it to cover the legal costs of its former business associates, Charlie Javice and Olivier Amar, who were found guilty of defrauding the bank of a substantial sum.
