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JPMorgan Liable To Billionaire Blavatnik Over Mortgage Losses

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August 26, 2013 AT 2:14 PM
A New York state judge found JPMorgan Chase 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.