July 14, 2025
The Second Circuit on Monday affirmed a New York federal judge's decision rejecting UBS' bid to send a charitable trust's mismanaged funds suit to arbitration, finding that the bank knowingly relinquished the right to arbitrate "by acting inconsistently with that right."
February 26, 2024
A New York federal judge rejected UBS' bid to send a charitable trust's mismanaged funds suit to arbitration, ruling that the trust has shown sufficient evidence there is a question of whether a foundation representative had the authority to sign onto the arbitration agreement invoked by UBS.
April 10, 2023
A charitable trust that has accused UBS and others of mismanaging its funds has urged a New York federal judge not to send the case to arbitration, saying it never authorized an agreement that permitted arbitration of any disputes.
March 13, 2023
UBS told a New York federal judge that a suit brought by a charitable trust against the financial services giant, one of its employees and the trust's former attorney-trustee should be sent to arbitration, arguing that the trust agreed to resolve any claims in arbitration before the Financial Industry Regulatory Authority.
January 26, 2023
A New York federal judge denied UBS Financial Services Inc.'s bid for dismissal in a suit brought by a charitable trust that claims the trust's creators were manipulated into placing hundreds of millions of dollars of assets under the investment stewardship of a UBS employee who was the son of the foundation's former attorney-trustee.
April 13, 2022
A charitable trust has sued UBS Financial Services Inc. claiming that the foundation's creators were manipulated into placing hundreds of millions of dollars of assets under the investment stewardship of a UBS employee who was the son of the foundation's former attorney-trustee.