Law360, New York (June 18, 2009) -- UBS AG has been hit with a suit by California’s fifth-largest bank, which alleges the financial giant tried to secretly offload its exposure to over $2 billion in toxic subprime mortgage assets to a group of unsuspecting financial institutions.
In a 27-page complaint filed Thursday in the Superior Court of the State of California, San Francisco County, Bank of the West sued UBS for fraudulently inducing financial institutions to...
