Legal
UBS Must Face Loreley Fraud Claim in Lawsuit Over CDO Losses
UBS AG (UBSN) must face a two-year-old lawsuit accusing the Swiss bank of hiding a bet against the housing market that led to $331 million in losses on collateralized debt obligations, a New York state appeals court ruled. Loreley Financing, a group of investment vehicles based in the Channel Islands,…
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Click here to read the full story: Bloomberg Business Week