Empresas Cablevision v. JPMorgan Chase Bank
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM ORDER
JED S. RAKOFF, District Judge.
Plaintiff, Empresas Cablevisión, S.A.B. de C.V. (“Cablevisión”), a Mexican telecommunications operator, moves to preliminary enjoin defendants JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Inc. (collectively, “JPMorgan”) — which loaned Cablevisión $225 million pursuant to a credit agreement — -from proceeding with a transaction under which JPMorgan would sell a 90% “participation” in the loan to Banco Inbursa, S.A. (“Inbursa”). Cablevisión alleges that this transfer to In-bursa-a bank that has common ownership with a major competitor of…
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