July 22, 2013
UBS AG on Monday said it has reached a settlement with the Federal Housing Finance Agency to end litigation over alleged misrepresentations of $6.4 billion in mortgage-backed securities it sold to Freddie Mac and Fannie Mae in the run-up to the financial crisis.
June 26, 2012
A New York federal judge on Tuesday rejected UBS Americas Inc.'s contention that certain Securities Act claims were time-barred in a Federal Housing Finance Authority lawsuit over $6.4 billion in mortgage-backed securities sold to Fannie Mae and Freddie Mac, ruling on an issue left open in an earlier order.
June 13, 2012
A New York federal judge on Wednesday refused to allow UBS Americas Inc. to beg off as the first defendant to be tried in 16 suits brought by the Federal Housing Finance Agency over failed mortgage-backed securities sold to Fannie Mae and Freddie Mac.
May 14, 2012
A New York federal judge said Monday the Federal Housing Finance Agency's case against UBS Americas Inc. over $6.4 billion in allegedly doomed securities sold to Fannie Mae and Freddie Mac will be tried in the fall of 2013, the first of 16 such suits.
May 04, 2012
UBS Americas Inc. on Friday lost its bid to stamp out a Federal Housing Finance Authority lawsuit in New York federal court accusing it of steering Fannie Mae and Freddie Mac into $6.4 billion worth of doomed securities.