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UBS Group AG failed to persuade a US judge to clarify a 1999 legal settlement about claims against Swiss banks.
UBS requested clarification of a 1999 legal settlement regarding Holocaust-era claims.
KEY POINTS
- 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
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