Finance Info Blog Mortgage and Financial information

26Aug/130

JPMorgan liable to billionaire Blavatnik over mortgage losses

NEW YORK - A New York state judge found JPMorgan Chase & Co liable to Russian-American billionaire Leonard Blavatnik for breach of contract for stuffing an investment account he held with risky subprime mortgage securities, and ordered the bank to pay more than $50 million of damages including interest.

reuters.com

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