UBS Says Bankrupt Company Is Overvalued By $100M

Law360, New York (July 20, 2006, 12:00 AM EDT) -- Investment bank UBS AG has accused bankrupt health food maker Nellson Nutraceutical Inc. of overstating its value by $100 million in order to ensure it stays in the hands of a private equity investor.

The Swiss bank will argue its case during a valuation hearing on Sept. 13. UBS hopes to wring control of Nellson’s assets for the creditors it represents, who are owed about $330 million.

In preparation, UBS recently began a courtroom campaign to gain access to various documents and witnesses it believes will...
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