Ex-UBS Trader Loses Bid To Appeal Conviction Over $2B Loss

Law360, New York (July 30, 2013, 3:01 PM EDT) -- A London judge rejected a former UBS AG trader's bid to appeal his conviction on charges he cost the bank nearly $2.3 billion through a series of bad bets, meaning the trader will have to try his luck at an upcoming hearing, authorities confirmed on Tuesday.

Kweku M. Adoboli, who was sentenced to seven years in prison in November, lost his first chance at appealing his 2012 conviction on fraud charges, but has renewed his request to appeal the case, Rachael Collins, a spokeswoman for the...
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