U.S. appeals court throws out investor action against UBS
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.
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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.
U.S. customs officers at a California border crossing seized more than 15 tons of marijuana hidden inside a tractor-trailer shipment designated as a cargo of mattresses, the biggest narcotics bust ever at that port of entry, officials said on Friday.
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