A Texas jury has hit JPMorgan Chase for more than $4 billion in damages for mishandling the estate of a former information technology executive who pioneered American Airlines’ SABRE reservation system.
A Dallas County Probate Court jury sided with widow Jo Hopper and her two stepchildren Tuesday after a four-week trial. The jurors found the bank breached its fiduciary duties and contract by failing to properly handle the $19 million estate of Max Hopper, according to a verdict sheet and press release from Loewinsohn Flegle Deary Simon LLP, which represented Jo Hopper.
