“This Is Unprecedented”: JPMorgan Slams “Stunning” $8 Billion Damage Verdict Against It

Here’s a live transmission from the Texas courtroom where JP Morgan Chase & Co’s lawyers are asking a judge to throw out one of the largest punitive judgments in legal history…
…Instead, the bank’s lawyers say the $8 billion judgment should be reduced to zero.
‘The law and evidence do not support any claim against JPMorgan, much less the unprecedented multi-billion-dollar punitive damage award, which the heirs have already admitted is unconstitutionally excessive,’ the bank said in a filing in Dallas probate court according to Bloomberg.

This post was published at Zero Hedge on Nov 12, 2017.

 

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