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UBS Says Exclusions Don't Bar Puerto Rico Bond Defense

By Jeff Sistrunk (August 28, 2017, 5:21 PM EDT) -- 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....

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