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UBS Key To Suit Over $13M Debt Deal, Funds Say

Law360 (March 1, 2011, 7:21 PM EST) -- A pair of distressed-debt investment funds told a New York judge Tuesday that UBS AG should not be able to escape a lawsuit over a $13 million debt deal for which it acted as the middleman.

"We don't have a dog in this fight," Jonathan Hochman of Schindler Cohen and Hochman LLP, an attorney for UBS, told Judge Charles E. Ramos of the Supreme Court of the State of New York, County of New York, adding that UBS was in an awkward position between the true...
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