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United States of America v. UBS Securities LLC et al

  1. August 14, 2023

    UBS To Pay $1.4B To Settle Feds' RMBS Suit

    UBS AG has agreed to pay more than $1.4 billion in civil penalties to settle a 2018 U.S. Department of Justice lawsuit accusing the bank of fraud in its pre-crisis sales of residential mortgage-backed securities, New York federal prosecutors said Monday.

  2. December 10, 2019

    UBS Can't Ditch Feds' Crisis-Era RMBS Fraud Suit

    A New York federal judge said Tuesday that UBS must face a U.S. Department of Justice lawsuit accusing the bank of fraud in its pre-crisis sales of residential mortgage-backed securities, ruling the government could and did succeed in alleging fraudulent intent at this stage without pinning it on any individual employees.

  3. August 06, 2019

    UBS Defends Doc Request In DOJ's Crisis-Era RMBS Suit

    UBS AG said Monday that it has every right to see government documents that will help it fend off the U.S. Department of Justice's claims that the bank defrauded buyers of residential mortgage-backed securities in the lead-up to the financial crisis.

  4. June 24, 2019

    Feds Spar With UBS Over Crisis-Era RMBS Fraud Suit

    UBS AG has told a New York federal court that the U.S. Department of Justice lawsuit accusing the bank of fraud in its precrisis sales of residential mortgage-backed securities falls short by not calling out any specific employees, but the government insists that it has alleged all it needs to for the case to proceed.

  5. June 07, 2019

    DOJ Rebukes 'Absurdly Overbroad' Doc Request In UBS Suit

    The U.S. Department of Justice responded sharply Thursday to what it called an "absurdly overbroad" request from UBS AG for documents purportedly relevant to claims the bank defrauded investors in the lead-up to the financial crisis.

  6. January 14, 2019

    UBS Takes Aim At Feds' Fraud Suit Over Crisis-Era RMBS

    UBS AG told a New York federal judge on Friday that the U.S. Department of Justice's lawsuit accusing it of defrauding investors through the sale of residential mortgage-backed securities leading up to the financial crisis should be dismissed, saying the case is based on an overly broad and legally unsupported interpretation of a financial institutions reform act.

  7. November 08, 2018

    US Sues UBS For Fraud Over Crisis-Era RMBS

    The federal government sued UBS AG and several of its U.S. affiliates in New York federal court on Thursday, accusing the Swiss bank of defrauding investors through the sale of residential mortgage-backed securities in the run-up to the financial crisis.