UBS Tries To Quash Convicted Tax Evader's $9M Claim

Law360, New York (March 3, 2011, 1:28 PM EST) -- UBS AG filed suit Tuesday in New York against a man recently sentenced to prison for tax evasion, in an effort to prevent him from pursuing an arbitration action that seeks more than $9 million from the Swiss bank.

Mark G. Hanchet of Mayer Brown LLP lodged UBS' complaint in the U.S. District Court for the Southern District of New York, asking the court for a preliminary and permanent injunction barring Jeffrey Chernick and Simba International Inc., a Hong Kong-based company for which Chernick is an...
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