JPMorgan Denied Bid to Reverse $4.25M Award Over Super Bowl Food Expense

A California federal judge has refused to vacate a $4.25 million arbitration award given to a former JPMorgan wealth manager who was fired for improperly expensing food and drinks at a Super Bowl party in 2019.

The employee, who is not named in the source, had been allowed to expense $642.40 worth of food for the event, but the bank argued that this was an abuse of company policies and fired him as a result.

JPMorgan sought to have the arbitration award overturned, citing 'serious challenges' with the decision-making process, but the judge disagreed, finding no grounds for vacatur.