JP Morgan Appeals $3.5M Transaction Fee Decision

Law360, New York (November 28, 2006, 12:00 AM EST) -- JP Morgan Securities Inc. is appealing a decision by a federal bankruptcy judge that nixed its bid for a $3.5 million transaction fee related to services it provided Spiegel Inc. before it emerged from bankruptcy in 2005.

JP Morgan’s appeal of U.S. Bankruptcy Judge Burton R. Lifland’s Oct. 19 ruling holding that JP Morgan wasn’t entitled to the transaction fee was filed on Oct. 26.

Spiegel retained JP Morgan to find a buyer for Spiegel’s troubled subsidiary and bank card issuer First Consumers National Bank on...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.