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Big winner in government's JPMorgan suit: Seth Klarman


jacobwolinsky
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Well, of course I like hearing this from that article:

 

Not all of Klarman's bets have paid off, or not as large as he would have hoped. Earlier this year, Baupost dropped its objection to a $8.5 billion settlement Bank of America (BAC) made with bond investors. Baupost had been pushing B of A for more.

 

But with the AG suit, legal experts say it's more likely Klarman will get JPMorgan to pay up. "The Martin Act gives the NY AG superior subpena power than any private plaintiff has," says Issac Gradman, a lawyer who specializes in securities claims. "So Schneiderman could get much more than anything Baupost has unearthed so far."

 

Cheers!

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