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

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