Sep

JPMorgan Ordered to Pay More Than $4 Billion to Widow and Family

Outsize punitive damages awards are often reduced by courts
Bank found by jury to have mismanaged estate of Max Hopper

JPMorgan Chase & Co. was ordered by a Dallas jury to pay more than $4 billion in damages for mishandling the estate of a former American Airlines executive, but the verdict will probably be knocked down on appeal.

Jo Hopper and two stepchildren won the probate court verdict over claims that JPMorgan mismanaged the administration of the estate of Max Hopper, who was described as an airline technology innovator in a statement issued by the family’s law firm…

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JPMorgan Ordered to Pay More Than $4 Billion to Widow and Family

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