Former Soviet citizen accuses JP Morgan of losses due to mortgage crisis and wins a lawsuit
New York court has decided that IFC JP Morgan should pay $ 50 billion to an immigrant from Soviet Russia, and now a US citizen Leonard Blavatnik, on his claim for financial losses due to mortgage crisis in the USA, BBC reports.
According to the court decision, JP Morgan shall pay L. Blavatnik as the financial institution has violated a contract entered into with the billionaire's investment fund in 2006.