UBS Loses Bid To Toss Suit Over Genesco Merger

Law360 (May 2, 2008, 12:00 AM EDT) -- A judge has denied a petition by UBS Securities LLC to toss a class action alleging the investment bank subsidiary was partly to blame for the failed merger between footwear retailer rivals Genesco Inc. and Finish Line Inc.

The suit, brought by a Genesco shareholder in the U.S. District Court for the Eastern District of New York in February, had sufficiently made a case against UBS Securities for a claim of tortious interference with a business relationship, Judge Charles Sifton said Wednesday.

The lawsuit alleged that...
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