Variable prepaid forward transactions result in a huge judgment against JPMorgan. An Oklahoma state court judge recently found that JPMorgan Chase breached its fiduciary duty as a co-trustee of a trust and ordered it to pay more than $18 million, including punitive damages for “reckless disregard for the rights of others.” In a 32-page opinion, Judge Linda Morrissey found that JPMorgan breached its fiduciary duty to the trust by recommending unsuitable transactions and engaging in self-dealing at the expense of the trust and its beneficiaries.