Will Ferrell Loses $18 Million Case
Truth rating: 10
November 18th, 2010
Will Ferrell and other investors have lost an $18 million arbitration case against JPMorgan Chase.
The group must pay $634,500 in legal fees, a penalty and hearing costs.
Ferrell, his wife Viveca Paulin, business manager Matt Lichtenberg and a trust for fellow funnyman Larry David filed the case in 2008.
They claimed that JPMorgan had made “unauthorized and unsuitable” purchases of preferred securities for their accounts.
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