March 26, 2015
UBS Americas Inc. has agreed to a confidential settlement to end a lawsuit brought by Capital Ventures International alleging UBS subsidiaries sold it more than $109 million worth of risky mortgage-backed securities by billing them as safe investments, according to a stipulation filed Thursday.
July 23, 2013
A Massachusetts federal judge on Monday declined to dismiss a previously tossed claim that UBS Americas Inc. subsidiaries knowingly fed false data to credit rating agencies to prop up $109 million worth of residential mortgage-backed securities, finding that an investor group adequately detailed the allegations.
October 01, 2012
A Massachusetts federal judge refused Friday to nix a suit claiming UBS Americas Inc. subsidiaries sold more than $109 million worth of risky mortgage-backed securities by billing them as safe investments, saying an investor group had sufficiently alleged violations of state securities laws.
November 02, 2011
Investor group Capital Ventures International sued several UBS Americas Inc. subsidiaries in Massachusetts federal court on Tuesday, saying the companies sold it more than $109 million worth of risky mortgage-backed securities by billing them as safe investments.