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

Russian Seasons  Moscow  Kaluga Region  Vologda  Russian economy  Exhibitions in Moscow  Milonov  Russian tourism  Kaliningrad  Russian Cinema  accommodation in Moscow  Mercedes-Benz Fashion Week Russia  Syria  Russian science  Amur Region  Gorky Park  Tele2 Russia  Pharmacy Garden  Theatre Festivals  visa-free  Heroic Feats  Russian business  Izhevsk  North Caucasus  Ski resorts  Alexander Rukavishnikov  Ruth Orkin  Tatyana Limanova  Nikolai Garin-Mikhailovsky  DTM racing  Polytechnic Museum  Moscow Zoo  Russian television  Music Contests  Russian scientists  Mikhail Bulgakov  aircraft  human rights in Russia  Tver  St. Petersburg  Moscow Disneyland  Great Patriotic War  Trans-Urals  Sculpture  children theatres  Russian aviation  tourism  Street Art Museum  Vyacheslav Butusov  email service 

Travel Blogs
Top Traveling Sites