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UBS Sidesteps Insurers' Suit Over $94M CDO

By Lance Duroni (April 15, 2014, 2:10 PM EDT) -- A New York judge has thrown out a suit accusing UBS AG of duping two insurers into covering a $94 million collateralized debt obligation, rejecting the insurers' claim that the Swiss bank entered an oral contract with them to limit defaults in the CDO's underlying assets....

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