UBS Can't Ditch Feds' Crisis-Era RMBS Fraud Suit

By Jon Hill (December 10, 2019, 9:06 PM EST) -- A New York federal judge said Tuesday that UBS must face a U.S. Department of Justice lawsuit accusing the bank of fraud in its pre-crisis sales of residential mortgage-backed securities, ruling the government could and did succeed in alleging fraudulent intent at this stage without pinning it on any individual employees....

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