Claims That UBS Misused Bloomberg's Data To Proceed In NY

Law360 (December 19, 2018, 6:26 PM EST) -- A New York federal judge said Wednesday that Bloomberg Finance LP's lawsuit, which accuses UBS AG of unlawfully redistributing its proprietary data, would not fare better in the United Kingdom just because evidence and witnesses reside there, finding that her court was just as convenient for the company and the bank.

U.S. District Judge Valerie Caproni was not convinced by UBS' argument that the "locus of the dispute" was the London-based operations of the bank's portfolio analysis and risk management system UBS Delta, finding that even if all of the documents relevant to UBS' alleged breach of contract were in England,...

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