American Airlines Executive's Widow Likely to Get Only Fraction of Dallas Jury's $8 Billion Award

JPMorgan Chase will probably face a judgment of no more than $90 million in a lawsuit claiming mismanagement of the estate of former American Airlines executive Max Hopper that initially resulted in an $8 billion jury verdict.Hopper's widow and children are asking a Dallas probate court to lower the amount of punitive and actual damages awarded to them in September by a jury, according to court filings.Lawyers for Stephen Hopper and Laura Wassmer want the court to limit punitive damages to them and their father's estate to about $70 million, down from a total of $6 billion awarded by the jury. Hopper and Wassmer also asked for $3.9 million for losses and attorneys' fees.The widow, Jo Hopper, asked the court to lower her award to $14.4 million, according to a filing from her lawyers disclosed Friday.The final award could go even lower. JPMorgan is seeking to reverse the entire judgment.  Continue reading...

Read More

Copyright The Dallas Morning News
Contact Us