Will Ferrell loses his securities dispute with JP Morgan. Will Ferrell accused the firm of engaging in “unauthorized and unsuitable purchases of preferred securities.” 
The actor must pay $600,000 in legal fees and costs to JP Morgan following his loss. Looks like it’s a double blow to Ferrell who will be out even more money than before! Ouch!
The actor must pay $600,000 in legal fees and costs to JP Morgan following his loss. Looks like it’s a double blow to Ferrell who will be out even more money than before! Ouch!Will Ferrell was not the only investor suing JP Morgan. He was one of several investors who wanted the firm to rescind their purchase of $18 million in preferred securities. A Finra panel disagreed with Will’s claims and instead ordered Ferrell, his wife, Viveca Paulin, and the other investors to pay JP Morgan’s $600,000 legal fees as well an additional $22,500 for “discovery abuse.”
Will Ferrell is no doubt upset over his loss. There’s little that can be done now and it is unfortunate Will lost so many money but the Finra panel isn’t divulging any more information about the case. Whatever was revealed during the trial will be unknown to us but imagine how it must sting to sue for $18 million only to be slapped with $622,500 in fines later. Major ouch!
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