Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Leonard Blavatnik Calls US Judiciary Arbitrary
20.02.2013 22:03
Leonard Blavatnik Calls US Judiciary Arbitrary
Photo Credit:

The US billionaire of Russian origin with a net worth of $16.2 billion has complained that it is very arbitrary in its decisions. 

The co-owner of the AAR consortium made the statement amid ongoing litigation against JP Morgan.  

Being a long-time client of the bank, he entrusted it with a hefty sum that he hoped would be re-invested for more gain. 

But JP Morgan poured his billion dollars into mortgage-backed securities, losing him 10 percent of the initial funds.

He claims the deal he originally signed with the bank included a no-loss clause.

Author: Mikhail Vesely

Tags: Leonard Blavatnik AAR TNK-BP Rosneft  

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

XXII Winter Olympic Games in Sochi   Kostroma  Philologists  tours to Russia  Baba Yaga  Alexander Kolchak  Philately  Yakutsk  Monuments in Moscow  Birchbark Manuscripts   Russian business  St. Petersburg  Photography  Moscow restaurants  offshore companies  Russian Cinema  Graffiti  Russian tourism  FIFA world cup 2018 tickets  Russian writers  Moscow  Russian economy  Visa to Finland  IT  Kolomenskoye  Exhibitions in Moscow  Open Innovations Expo  Installations  Mashina Vremeni  Russian pastafarians  Penza Region  Gorodovikovsk  Russian scientists  Kremlin  Hermitage  Ice Show  Kaluga  Krasnaya Polyana  invest  Russian Film Actors  Russian science  Vladimir Gruzdev  TV Channels  Bridges  Oleg Tinkov  Khabarovsk  Gelendzhik  Russian government  Mercedes-Benz Fashion Week Russia  Siberia 

Travel Blogs
Top Traveling Sites