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District Judge in Brooklyn refused UBS's attempt to secure legal protection from claims associated with its 1999 Holocaust-related settlement.
A U.S. judge denied UBS's request for legal protection from future Holocaust-related claims.
KEY POINTS
- UBS sought protection after a 2020 investigation revealed new Credit Suisse ties to Nazi accounts.
- The Simon Wiesenthal Center argued UBS's request could improperly expand the 1999 settlement's scope.
- UBS's 2023 acquisition of Credit Suisse has renewed scrutiny of both banks' Nazi-era connections.
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