JPMorgan liable to billionaire Blavatnik over mortgage losses

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 US$50 million of damages i

via Business feed http://www.scmp.com/business/banking-finance/article/1299669/jpmorgan-liable-billionaire-blavatnik-over-mortgage-losses