Billionaire Wins Securities Case Against JPMorgan

, The Litigation Daily


A judge has ordered JPMorgan Chase & Co to pay $45 million to billionaire Leonard Blavatnik, finding the bank invested his money in risky mortgage-backed securities without his permission. The ruling is a win for Quinn Emanuel Urquhart & Sullivan, though JPMorgan's defense lawyers at Paul Weiss Rifkind Wharton & Garrison were able to knock out some of Blavatnik's claims.

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