Looks like Will Ferrell is no Josh Brolin.
He and another fameball comedian recently lost an $18 million lawsuit to JPMorgan.
Ferrell and Larry David seem to have piggy-backed on the slew of lawsuits against banks for losing money in customers’ accounts during the financial crisis, perhaps hoping that FINRA would want a headline win.
Ferrell and Larry David[‘s business manager] sued JPMorgan last year for $18 million.
Apparently David and Ferrell and his wife hold accounts with JPMorgan, and in January 2009, they sued the bank for purchasing “unauthorised and unsuitable securities” that lost their accounts $18 million.
Ferrell and David’s team requested in their lawsuit that JPMorgan pay back the $18 million plus interest.
JPMorgan won the lawsuit by a landslide. The arbitration panel denied the claim and ordered Mr. Ferrell and the others to pay JPMorgan $600,000 in legal fees.