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Top NY Court Cuts Brokerage Out Of UBS Asset Transfer

By Pete Brush (June 11, 2014, 3:01 PM EDT) -- A divided New York Court of Appeals said Tuesday a pact between Morpheus Capital Advisors LLC and UBS Real Estate Inc. to manage $510 million worth of student loan debt didn't compel the bank to pay a commission to the brokerage after UBS moved the assets into a Swiss bailout fund....

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