JPMorgan Files Two Lawsuits in Greece and UK Over Viva Wallet

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 the value of its 2022 investment, according to a person familiar with the matter.

The second case in the UK filed this week against Werealize.com claims it breached shareholder agreements with JPMorgan, the person said. Karonis’ Werealize.com owns around 51% of Viva Wallet and JPMorgan ...