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National Credit Union Administration Board v. UBS Securities, LLC
Case Number:
1:13-cv-06731
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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April 15, 2016
Interest Charge Brings UBS Credit Union Settlement To $70M
The federal government's credit union watchdog on Friday said that the total value of a previously announced settlement with a UBS AG unit over the sales of faulty mortgage-backed securities would balloon to around $69.8 million with the addition of prejudgment interest to the initial deal.
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February 25, 2016
UBS To Pay $33M In Credit Union RMBS Deal
A UBS AG unit will pay more than $33 million to settle claims by the National Credit Union Association that it lied on offering documents for residential mortgage-backed securities, according to an offer of judgment filed Thursday in New York federal court.
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June 11, 2014
Fed. Claims Against UBS Trimmed In RMBS Suit
A New York federal judge on Tuesday trimmed claims by the National Credit Union Administration that UBS Securities LLC violated the Securities Act while issuing toxic residential mortgage-backed securities before the financial crisis.