JPMorgan sued over Mexican property transfer

A Mexican real estate developer has filed a US$1.2 billion lawsuit accusing JPMorgan Chase & Co of fraudulently inducing it to transfer properties based on a false promise it would sell them.

FILE PHOTO: JP Morgan Chase & Co sign outside headquarters in New York

FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, U.S., September 19, 2013. REUTERS/Mike Segar/File Photo

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