2014-11-16bloomberg.com

``he New York-based bank, supposedly working on [small rights owners'] behalf, instead hatched sweetheart deals with Petrohawk Energy Corp. and Hunt Oil Co. for cut-rate prices on their rights to the Eagle Ford Shale formation, one of the nation's hottest oilfields. In the end, the beneficiaries said, they got only $32.5 million on rights that yielded benefits worth $1.1 billion because JPMorgan wanted to curry favor with the oil companies at their expense. The bank rejected the claims as speculation.''



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