April 30, 2015
The Second Circuit on Thursday affirmed a New York federal court's dismissal of Employee Retirement Income Security Act class claims accusing UBS AG of improperly greenlighting retirement investments in its stock leading up to the 2008 financial crisis, agreeing that the plaintiff lacked standing to sue.
April 22, 2015
UBS AG on Wednesday asked the Second Circuit to toss an Employee Retirement Income Security Act class action alleging the bank improperly allowed retirement fund participants to invest in UBS stock before the 2008 financial crisis, saying the lead plaintiff didn't show she personally suffered losses.