Legal
Swatch Compares UBS Funds to ‘Rotten’ Sausages in Swiss Court
UBS AG failed to properly disclose risks it took with Swatch Group AG’s funds and should be held responsible for the losses that followed, the watchmaker argued in a Swiss court. Switzerland’s biggest watchmaker is suing UBS to recover about 30 million Swiss francs, including interest, in losses on “absolute-return”…
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Click here to read the full story: Bloomberg