UBS shareholders may not file securities fraud lawsuits

Bank’s litigation exposure over rogue trader may be limited

Last week, UBS announced that a rogue trader caused it to lose more than $2 billion from unauthorized trades. Today, Reuters reports that UBS shareholders have yet to file any class action lawsuits against the Swiss bank.

The lack of litigation is unusual because similar scandals typically result in plaintiffs lawyers rushing to file class actions on behalf of investors who allegedly were harmed.

Ashley Post

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