Genesco Investors Push To Sue UBS Over Merger Flop

Law360, New York (February 24, 2011, 3:07 PM EST) -- A putative class of shareholders of footwear retailer Genesco Inc. told the Second Circuit on Thursday that they should be allowed to sue UBS AG for backing out of a contract to finance a merger with The Finish Line Inc. amid the credit crisis.

Hoping to revive the suit, which was dismissed by a lower court, the investors' lawyer David C. Katz of Weiss & Lurie argued before the U.S. Court of Appeals for the Second Circuit that Finish Line had formed a valid business relationship...
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