UBS Can't Shake Investor Group's $109M MBS Suit

Law360, New York (July 23, 2013, 2:06 PM EDT) -- A Massachusetts federal judge on Monday declined to dismiss a previously tossed claim that UBS Americas Inc. subsidiaries knowingly fed false data to credit rating agencies to prop up $109 million worth of residential mortgage-backed securities, finding that an investor group's allegations were sufficiently argued.

The decision revives a claim brought by Capital Ventures International in its suit against UBS Securities LLC, alleging it hid the risk of mortgage-backed securities pools mixed with toxic home loans to attract investors. The investor group alleged that UBS knowingly...
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Case Title

Capital Ventures International v. UBS Securities LLC et al


Case Number

1:11-cv-11937

Court

Massachusetts

Nature of Suit

Contract: Other

Judge

Denise J. Casper

Date Filed

November 1, 2011

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