Charlie Javice v. JP Morgan Chase Bank, N.A.

CourtCourt of Chancery of Delaware
DecidedFebruary 14, 2024
DocketC.A. No. 2022-1179-KSJM
StatusPublished

This text of Charlie Javice v. JP Morgan Chase Bank, N.A. (Charlie Javice v. JP Morgan Chase Bank, N.A.) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Charlie Javice v. JP Morgan Chase Bank, N.A., (Del. Ct. App. 2024).

Opinion

COURT OF CHANCERY OF THE STATE OF DELAWARE KATHALEEN ST. JUDE MCCORMICK LEONARD L. WILLIAMS JUSTICE CENTER CHANCELLOR 500 N. KING STREET, SUITE 11400 WILMINGTON, DELAWARE 19801-3734

February 14, 2024

Peter J. Walsh, Jr. Samuel D. Cordle Michael A. Pittenger Peter C. Cirka Hayden J. Driscoll Abrams & Bayliss LLP Potter Anderson & Corroon LLP 20 Montchanin Road, Suite 200 1313 N. Market Street, 6th Floor Wilmington, DE 19807 Wilmington, DE 19801

Michael A. Barlow Quinn Emanuel Urquhart & Sullivan, LLP 500 Delaware Avenue, Suite 220 Wilmington, DE 19801

Re: Charlie Javice v. JPMorgan Chase Bank, N.A., et al., C.A. No. 2022-1179-KSJM

Dear Counsel:

This letter resolves Plaintiff Charlie Javice’s Motion for Payment of

Unresolved Advancement Amounts (the “Rule 88 Motion”). 1

By way of background, I granted the plaintiff’s claim for advancement on May

8, 2023 (“May 8 Ruling”). 2 The parties later agreed on a form of Fitracks Order

implementing the May 8 Ruling, which I entered on June 27, 2023. 3 The plaintiff

submitted her initial demand pursuant to the Fitracks Order on June 28, 2023,

1 C.A. No. 2022-1179-KSJM, Docket (“Dkt.”) 80 (“Pl.’s Opening Br.”).

2 Dkt. 61 (Del. Ch. May 8, 2023) (TRANSCRIPT), application for certification of interlocutory appeal denied, 2023 WL 4561017 (Del. Ch. July 13, 2023), interlocutory appeal refused, 303 A.3d 616 (Del. Aug. 16, 2023) (TABLE). 3 Dkt. 67. C.A. No. 2022-1179-KSJM February 14, 2024 Page 2 of 7

seeking fees and costs in connection with five proceedings since mid-2022. 4 The

defendants objected to nearly half of the amounts due. The senior lawyers for both

sides have met and conferred, and that process resulted in compromises on some

issues. The defendants continue to object to time entries representing approximately

22% of the amount sought by Javice.

The defendants’ remaining objections to the Rule 88 Motion challenge three

categories of time entries:

• Work performed in connection with Javice’s six counterclaims asserted in the District of Delaware (the “Counterclaims Objection”);

• Work performed in connection with the pursuit of insurance coverage (the “Insurance Work Objection”); and

• Work logged through “round-hour” billing entries (the “Round-Hour Objection”) and “block-billing” entries by Javice’s counsel (the “Block- Billing Objection”).

A. The Counterclaims Objection

Javice asserted six counterclaims in the District of Delaware action, JPMorgan

Chase Bank, N.A. v. Javice, et al. 5

• Counterclaim 1 sought nine declarations, including a declaration that Javice was improperly terminated under her employment agreement. 6

• Counterclaim 2 asserted that JP Morgan breached the employment agreement. 7

4 Dkt. 80, Barlow Aff., Ex. 1A at 1.

5 Dkt. 80, Ex. 1 (Case No. 1:22-cv-01621-MN (D. Del. Feb. 27, 2023)).

6 Id. ¶¶ 107–10.

7 Id. ¶¶ 111–18.

2 C.A. No. 2022-1179-KSJM February 14, 2024 Page 3 of 7

• Counterclaim 3 asserted that JP Morgan breached the payment- direction agreement. 8

• Counterclaim 4 asserted that JP Morgan breached the implied covenant of good faith and fair dealing contained in the employment agreement. 9

• Counterclaim 5 asserted that JP Morgan breached the implied covenant of good faith and fair dealing contained in the payment-direction agreement. 10

• Counterclaim 6 asserted that JP Morgan took retaliatory actions against Javice. 11

In her complaint, Javice did not seek advancement in connection with these

counterclaims. Consequently, I did not address her entitlement to advancement in

connection with these counterclaims in my May 8 Ruling.

Javice argues that I already ruled that she is entitled to advancement for the

“Subsequent Investigation and Dispute,” defined by the plaintiff to include the

defendants’ investigation of Javice and “any other potential or threatened claims

relating to Plaintiff’s conduct prior to or in connection with the Merger as an officer

of TAPD or following the Merger as an employee of JPM Morgan Bank or an

affiliate.” 12 But the truth is that I was not presented with this issue and did not rule

on it. The broadly worded language in the Fitracks Order cannot cover up that fact.

8 Id. ¶¶ 119–28.

9 Id. ¶¶ 129–37.

10 Id. ¶¶ 138–45.

11 Id. ¶¶ 146–56.

12 Dkt. 85 at 3 (citing Dkt. 1 ¶ 6; Dkt. 26 at 24 (Pl.’s Mot. for Summary Judgment);

Dkt. 26, Proposed Order); see Fitrack Order at 1–2.

3 C.A. No. 2022-1179-KSJM February 14, 2024 Page 4 of 7

Javice cannot shoehorn a claim for entitlement to fees incurred in connection with

these counterclaims into the Rule 88 Motion.

Javice argues that the work incurred in support of the counterclaims would

have been done in connection with the other claims subject to advancement. 13 Under

Delaware law, “if the fees would have been incurred independently in defense of the

advanceable proceeding, such fees are wholly advanceable, even though the fees also

were useful or applicable in a non-advanceable proceeding.” 14 Javice states “[t]he

process of preparing the Counterclaims required a factual investigation that

encompassed the rationale for the deal, discussions regarding JPMorgan’s

investment thesis, the merger diligence process, and the nature of the synthetic data

project. . . .Whether or not Javice filed the Counterclaims, counsel would have

performed the same, or substantially similar work, in preparing Javice’s defense.” 15

It is extremely difficult for me to assess, on this record, whether the work billed

in connection with the counterclaims would have been necessary in connection with

the claims subject to advancement. This difficulty is due in part to the fact that Javice

did not claim advancement for the counterclaims, so I lack the level of argument

needed to determine the factual overlap between those claims and the advanceable

matters.

The Counterclaims Objection is sustained.

13 Pl.’s Opening Br. at 17–18.

14 Holley v. Nipro Diagnostics, Inc., 2015 WL 4880418, at *2 (Del. Ch. Aug. 14, 2015).

15 Pl.’s Opening Br. at 18.

4 C.A. No. 2022-1179-KSJM February 14, 2024 Page 5 of 7

At this stage, Javice could seek leave to amend her complaint to add a claim

for entitlement to advancement in connection with this category of expenses. The

defendants could reassert the arguments made in connection with the Rule 88 Motion

in response. There might be other ways to resolve this issue, including a negotiated

resolution. But a Rule 88 motion is not the appropriate vehicle for presenting this

issue to the court for resolution.

B. The Insurance Work Objection

Javice demanded advancement for the expenses she incurred in attempting to

obtain insurance coverage after JP Morgan refused her demand. 16 In her complaint,

Javice did not seek advancement in connection with this category of billing entries.

Consequently, I did not address her entitlement to advancement for this issue in my

May 8 Ruling. Javice argues that fees incurred in pursuit of insurance coverage are

included in fees-on-fees, but that is not so. Fees-on-fees do not cover fees incurred in

this action. Once again, Javice cannot shoehorn this request into a Rule 88 Motion.

As with the Counterclaims Objection, Javice could seek leave to amend her

complaint to add a claim for entitlement to advancement in connection with the

insurance work.

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Charlie Javice v. JP Morgan Chase Bank, N.A., Counsel Stack Legal Research, https://law.counselstack.com/opinion/charlie-javice-v-jp-morgan-chase-bank-na-delch-2024.