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.
Tags: Fraud
Victims of Bernard Madoff's massive fraud are not entitled to inflation or interest adjustments on their claims, a federal appeals court ruled on Friday, in a decision that could speed the return of more than $1 billion to the swindler's former customers.
In April 2011, two years before their prices sank, a slew of bond funds that were being sold by UBS’s Puerto Rico arm appeared to its brokers to be such risky investments that they balked at promoting them to their clients.
China is considering trimming nine crimes from the list of offences punishable by death, state media said on Monday, as the ruling Communist Party considers broader reforms to the country's legal system.
More News
