Lenny Dykstra filed a $100 million lawsuit against JPMorgan Chase & Co alleging he was fraudulently induced into borrowing more money than he could afford, leading to the former star baseball center fielder's bankruptcy.
Dykstra contended that Washington Mutual Inc, now owned by JPMorgan, let him borrow $20.5 million even though it knew the sum was "well beyond" his means. He said the thrift them reneged on an assurance it would let him refinance a mortgage used to buy a mansion from hockey legend Wayne Gretzky.
"Defendant issued a loan designed to fail," Dykstra said in a complaint filed on Wednesday in Manhattan federal court. "The end result was that plaintiff incurred losses of approximately $100 million." Dykstra seeks triple and punitive damages.
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