Billionaire's Damages Claims Blocked In JPMorgan MBS Suit

Law360, Los Angeles (January 11, 2013, 7:24 PM EST) -- On the eve of trial, a New York state judge has granted a JPMorgan Chase & Co. investment unit's motion to exclude information about the amount of losses incurred by a Russian-American billionaire who alleges his company took an $80 million hit after his assets were transferred to a different company due to JPMorgan's mismanagement.

In a four-page ruling filed Thursday, Judge Melvin L. Schweitzer agreed with JPMorgan Investment Management Inc.’s argument, which was filed under seal along with numerous other court documents, that it couldn't...
To view the full article, register now.