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UBS Wants To Toss Investors' Breach Of Duty Class Action

By William Gorta (October 14, 2016, 7:45 PM EDT) -- UBS AG and a Banco Popular subsidiary asked a New York federal judge Friday to toss a $5 million putative class action that alleges they steered older investors into risky and volatile mutual funds, contending the state law claims of breach of contract and breach of fiduciary duty are rooted in fraud....

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