# UBS Group AG failed to persuade a US judge to clarify a 1999 legal settlement about claims against Swiss banks.

*business · news · 2026-04-07 · Bloomberg*

## Key points

- UBS requested clarification of a 1999 legal settlement regarding Holocaust-era claims.
- Judge Edward Korman denied UBS's request to further define the $1.25 billion settlement.
- UBS and other banks believed the settlement protected them from all new financial claims.
- UBS is currently in a legal dispute with the Simon Wiesenthal Center over this issue.

**Companies:** UBS Group AG
**Countries:** United States, Switzerland

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-04-07/ubs-loses-legal-bid-to-modify-1999-holocaust-asset-settlement)

---

Canonical: https://newsio.io/n/ea867436-d6ff-46c8-b637-c341ba9f0a8f/ubs-group-ag-failed-to-persuade-a-us-judge-to-clarify-a-1999-legal-settlement-ab
Summarized by Newsio from Bloomberg. https://newsio.io/how-it-works