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NY Court Demands JPMorgan Pay $50M In MBS Suit

By Jeff Sistrunk ( August 26, 2013, 10:51 PM EDT) -- A New York state judge has ordered JPMorgan Chase & Co. to pay a Russian billionaire more than $50 million, finding that an affiliate of the bank was liable for breach of contract for filling his conservative cash-management account with risky mortgage-backed securities....

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