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Date: 03-30-2018
Case Style:
Stephen Hopper and Laura Wassmer v. JPMorgan Chase & Co.
Northern District of Texas Federal Courthouse - Dallas, Texas
Case Number: PR-11-3238-1
Judge: Not Available
Court: Probate Court, Dallas County, Texas
Plaintiff's Attorney: Not Available
Defendant's Attorney: Not Available
Description: Dallas, TX - Jury Awards Plaintiffs $9 Billion
Stephen Hopper and Laura Wassmer sued JPMorgan Chase & Co. on breach of fiduciary duty theories claiming that JPMorgan mismanaged the estate of Max Hopper, a former American Airlines executive.
JPMorgan denied wrongdoing.
Max Hopper was worth $19 million when he died.
The Plaintiff claimed that JPMorgna grossly mismanaged the estate assets.
Outcome: Jury verdict in favor of the Plaintiff's for $8 billion. (The Plaintiffs asked the probate court to reduce the award to $3.8 million in compensatory damages and attorney fees and $70 million in punitive damages.)
Plaintiff's Experts:
Defendant's Experts:
Comments: