JPM To Pay Russian Billionaire For MBS Losses

27 Aug 2013

New York State Supreme Court Justice Melvin Schweitzer has ordered JPMorgan Chase to pay Russian billionaire Leonard Blavatnik more than $50 million for losses he sustained from subprime mortgage-backed securities.

New York State Supreme Court Justice Melvin Schweitzer has ordered JPMorgan Chase to pay Russian billionaire Leonard Blavatnik more than $50 million for losses he sustained from subprime mortgage-backed securities.

Click here to read the story from Reuters.

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