Jury Starts Deliberations In UBS Bid-Rigging Case

Law360, New York (August 29, 2012, 7:58 PM EDT) -- Jurors on Wednesday began weighing charges that three former UBS AG executives rigged bids on municipal bond investments, a process that was briefly halted because of a juror's emotional outburst.

U.S. District Judge Kimba M. Wood stepped down from the bench to privately counsel a juror who began crying only a few hours after the beginning of deliberations of claims that former UBS employees Peter Ghavami, Gary Heinz and Michael Welty conspired with contacts at large capital investors to defraud cities and towns they were supposed...
To view the full article, register now.



Case Information

Case Title

Magistrate judge case number: 

Case Number



New York Southern

Nature of Suit

Date Filed

December 9, 2010

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.