UBS Hit With $275M Suit Over Subprime Deals
HSH filed a lawsuit Monday in New York Supreme Court against Swiss bank UBS and its securities arm for alleged mismanagement of $500 million in HSH funds through risky investments rather than an agreed-upon conservative approach.
The suit pushes breach of contract, negligent misrepresentation and breach of fiduciary duty claims.
HSH asserts that in 2001, it had little familiarity with...
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