JPMorgan Files Lawsuits Over Viva Wallet in Greece
4 days ago · Viva Wallet-JPMorgan deal was seen as a vote of confidence in Greece. In late 2022 JPMorgan completed a 48.5 percent acquisition deal of the Greek fintech startup Viva Wallet after a lengthy procedure that lasted months.. News of the deal made headlines in February 2022, when the Sales and Purchase agreement was signed.
JPMorgan sues 4 Viva Wallet execs, fintech’s majority owner
5 days ago · JPMorgan Chase filed two lawsuits in Europe this month as developments continue in its legal dispute with Greek fintech Viva Wallet, in which it’s held a 48.5% stake since 2022.. The bank is suing Viva Wallet CEO Haris Karonis and three directors for €916 million, alleging they deprived JPMorgan of “the value of its investment in Viva” through illegal actions starting in …
JPMorgan Files Two Lawsuits in Greece and UK Over Viva Wallet
5 days ago · JPMorgan Chase & Co. filed two new lawsuits over its investment in Greek fintech Viva Wallet in a messy dispute with its join venture partner Werealize.com Ltd. In a Greek lawsuit the bank is claiming €916 million ($943 million) over allegations that Viva’s chief executive officer, Haris Karonis, and three other executives deprived JPMorgan of …
JPMorgan files two lawsuits against Greece's Viva Wallet as legal …
5 days ago · Wall Street bank JP Morgan has filed two lawsuits over its investment in fintech Viva Wallet, the latest twist in a legal dispute between the two sides over how to value the Greek business. A ...
JPMorgan files lawsuits over Viva Wallet in Greece, U.K.
6 days ago · JPMorgan has filed two lawsuits over its investment in fintech Viva Wallet, Bloomberg’s Sotiris Nikas reports.According to a source familiar with the matter, the bank is claiming EUR 916M, or ...
JP Morgan Sues Viva Wallet in Ongoing Dispute Over Valuation
5 days ago · The lawsuits centre on a disagreement over the worth of Viva Wallet, a key issue that has strained the relationship between the two companies since JP Morgan invested in Viva in 2022. The first lawsuit, filed in Greece on January 2nd, claims that Viva's CEO and three other executives took "unlawful actions" that hurt the value of JP Morgan's ...
JPMorgan Sues Greece’s Viva Wallet Over ‘Unlawful Actions’
5 days ago · The legal battle between J.P. Morgan Chase and Greece’s Viva Wallet is not over. The Wall Street banking giant has filed a pair of lawsuits related to its investment in the FinTech, Reuters ...
JP Morgan Intensifies Legal Battle With Greek Fintech Viva Wallet
The US banking giant is moving to protect its interests amid allegations that Viva Wallet's executives skewed the company's valuation post-March 2022. Currently, JP Morgan is demanding €916 million ($944 million) in Greece, with accusations against …
JP Morgan files two lawsuits against Greece's Viva Wallet
5 days ago · Discover all the Company news on Viva wallet and other articles related to Viva wallet in The Paypers News, Reports, and insights on the payments and fintech industry: Voice of the Industry. 12:16: EU Open Finance: the main discussions in the FIDA Proposal 9 Jan: The Wero wallet: a new payment sheriff hits town ...
JPMorgan, Greek fintech get a roadmap to bridge their dispute
Jun 17, 2024 · A London court has laid out how Greek fintech Viva Wallet should be valued — a development that could prompt its sale after a fresh valuation. It also could help patch up differences that have spurred JPMorgan Chase, which owns a 48.5% stake in Viva, and Haris Karonis’s WRL, which owns 51.5%, to sue each other.
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