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Expert Analysis

The Buck Stops With JPMorgan And Counsel

Law360, New York (February 23, 2015, 2:47 PM EST) -- Harry Truman prominently displayed a sign on his desk in the Oval Office with the motto, "The Buck Stops Here." In light of the recent Second Circuit decision holding JPMorgan accountable for a $1.5 billion filing error, it seems like a good idea for lenders and their counsel responsible for Uniform Commercial Code termination statements to display the motto prominently on their own desks....

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