|
||
2014-11-16 — bloomberg.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.''
source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |