UBS Execs' Bid-Rigging Charges Aren't Time-Barred: Judge

Law360, New York (July 13, 2012, 8:46 PM EDT) -- A New York federal judge on Friday denied a move to dismiss part of an indictment in a criminal case against three former UBS AG executives over alleged fraud schemes and bid-rigging related to contracts in the municipal bond market, finding the charges are not time-barred.

U.S. District Judge Kimba M. Wood of the Southern District of New York agreed with the government that a 10-year statute of limitations applies to the wire fraud and bid-rigging charges, as opposed to a five-year statute, because the alleged...
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