2nd Circ. Says Morrison Wipes Out UBS Shareholder Suit

By Ed Beeson (May 6, 2014, 6:02 PM EDT) -- The Second Circuit upheld the dismissal of a putative class action against UBS AG, agreeing Tuesday that the U.S. Supreme Court's landmark Morrison v. National Australia Bank Ltd. decision may also apply to certain securities purchases made in the U.S. for stocks listed here and abroad....

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