Tuesday, March 5, 2013

Court Affirms APP Award to JPMorgan Chase

An Asian paper company that defaulted on a JPMorgan Chase loan to buy machinery must disclose assets to pay off a $53 million judgment, the 7th Circuit ruled.
JPMorgan Chase won $53 million in damages against Asia Pulp & Paper Co. and its subsidiaries, Indah Kiat Pulp & Paper and Pabrik Kertas Tjiwi Kimia, in 2010.