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JPMorgan Accused of Breaking Its Duty to Clients

Date: April 10, 2011
Author: Louise Story
QUOTE: While the clients lost nearly all their money, JPMorgan collected nearly $1.9 billion from Sigma’s demise, according to the suit. That’s because as Sigma’s troubles worsened, JPMorgan lent the vehicle billions of dollars and received valuable assets in the form of a security deposit.

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