JPMorgan Can't Sell Televisa Unit's Debt To Rival

Law360, New York (July 27, 2010, 2:58 PM EDT) -- A federal judge has signed off on a consent order barring JPMorgan Chase Bank NA from selling its rights under a $225 million loan it made to a unit of Mexican cable giant Grupo Televisa SA de CV to a bank owned by the CEO of a major Televisa competitor.

Judge Jed Rakoff of the U.S. District Court for the Southern District of New York on Friday signed an order that disallows any sale to an entity affiliated with Mexican telecommunications tycoon Carlos Slim Helu and...
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