JPMorgan Chase Found in Breach of Estate Administration Duties and Ordered to Pay Billions in Punitive Damages by Texas Jury
JPMorgan Chase & Co. was ordered by a Dallas County Probate Court jury to pay between US$ 4 billion and US$ 8 billion in punitive damages, US$ 4.7 million in actual damages, and US$ 5 million in attorney fees for violating its fiduciary duties and grossly mismanaging the estate of airline technology pioneer Max D. Hopper – who passed away suddenly in 2010 from a stroke without a signed will.
Texas State Law
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