Law & Society

A U.S. appeals court on Friday upheld a 2013 ruling that UBS AG was not liable to shareholders for saying it was able to control risk even as a rogue trader caused $2.3 billion in losses.

Credit Suisse said on Friday it would put aside more funds for a U.S. probe and other litigation about whether the Swiss bank deceived investors in risky mortgage-backed securities it had issued in the run-up to the financial crisis.

An Alabama appeals court ruled on Friday that the state must recognize the out-of-state adoption of three children by the estranged wife of their birth mother, lawyers for the plaintiff said.