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US District Judge Edward Korman in Brooklyn, New York, said UBS was seeking an advisory opinion protecting it from “hypothetical” lawsuits that haven.
A US judge rejected UBS's request to expand the 1999 Holocaust settlement's protections.
KEY POINTS
- UBS wanted the settlement to shield it from lawsuits over newly discovered Nazi-linked accounts.
- A 2020 investigation found 890 Credit Suisse accounts with potential Nazi ties.
- The judge ruled no clarification is needed until an actual lawsuit is filed.
COMPANIES
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