$500M UBS Terrorism Suit Tossed For Lack Of Merit

Law360, New York (August 27, 2009, 1:20 PM EDT) -- A federal judge has dismissed a $500 million lawsuit accusing UBS AG of aiding and abetting international terrorism in connection with several bomb and rocket attacks in Israel in 1997, 2001 and 2006.

Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York on Monday issued a final judgment and set forth a complete explanation why the case was initially slated for dismissal in March.

"The sympathy one feels for the plaintiffs in this case cannot disguise the fact that...
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