business / news / / Reuters
UBS is seeking an advisory opinion protecting it from "hypothetical" lawsuits that haven't been filed.
Judge Korman rejected UBS's request for an advisory opinion on potential future lawsuits.
KEY POINTS
- UBS sought legal protection after a 2020 investigation found 890 Credit Suisse accounts with possible Nazi links.
- The Simon Wiesenthal Center argued UBS's proposal would improperly expand the 1999 Holocaust settlement.
- UBS acquired Credit Suisse in a Swiss government-arranged emergency takeover in 2023.
COMPANIES
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