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UBS AG (NYSE:UBS), the world’s largest private lender, was dismissed from a class-action lawsuit in a New York federal court, alleging that the Swiss bank played a role in fixing the price of silver. U.S. District Judge Valerie Caproni rejected efforts by Bank of Nova Scotia and HSBC Holdings Plc to escape the putative class action.
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UBS was added last year to an ongoing lawsuit against several banks in a Manhattan federal court which was filed by persons that transacted in silver and silver-related investment instruments from January 1, ... (read more)