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Class Action Over UBS Funds Moved From Puerto Rico To NY

By Stephanie Russell-Kraft (April 10, 2015, 2:41 PM EDT) -- A Puerto Rico federal judge has moved to New York federal court a $5 million putative class action alleging UBS AG and a Banco Popular subsidiary steered older investors into risky and volatile mutual funds, denying the plaintiffs' arguments that Puerto Rico has a public interest in the case, according to court documents filed Thursday....

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