UBS Faces IndyMac MBS Claims Again After 2nd Circ. Ruling

Law360, New York (July 24, 2013, 2:49 PM EDT) -- A federal judge overseeing a class action accusing units of UBS AG and other banks of not disclosing inherent risks in IndyMac Bank's mortgage-backed securities revived claims Tuesday over offerings in which investors didn’t personally invest, following the Second Circuit’s allowance of similar claims against Goldman Sachs & Co.

U.S. District Judge Lewis A. Kaplan granted the lead plaintiffs' motion for reconsideration of a 2010 ruling that found the named plaintiffs, Wyoming Retirement System and the state's treasurer, have standing only with respect to the offerings...
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