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UBS Financial Services Incorporated of Puerto Rico et al v. XL Specialty Insurance Company et al

  1. February 01, 2018

    UBS Loses Bid For $20M Coverage Of Debt Bond Suits

    A UBS AG unit cannot tap into $20 million in coverage to defray costs associated with claims that investors lost billions of dollars because UBS manipulated Puerto Rico's municipal debt bond market, a federal judge ruled Thursday, holding that an exclusion applies because the claims are highly similar to previously filed actions.

  2. August 28, 2017

    UBS Says Exclusions Don't Bar Puerto Rico Bond Defense

    A UBS AG unit hit back Monday at insurance carriers' efforts to shut down its $20 million coverage suit regarding claims that investors lost billions of dollars because UBS manipulated Puerto Rico's municipal debt bond market, asserting that the exclusions the insurers cited do not apply to the claims.

  3. July 31, 2017

    UBS On Its Own For Debt Bonds Defense, Insurers Say

    Insurers asked a Puerto Rico federal court Friday to shut down a $20 million suit by a UBS AG unit seeking coverage for claims UBS caused investors billions of dollars in losses by manipulating Puerto Rico's municipal debt bond market, citing an exclusion tailor-made for exactly those claims.