N.Y. Judge Dismisses CDO Suit Against UBS

New York Supreme Court Justice Shirley Werner Kornreich has dismissed a lawsuit filed against UBS by Loreley Financing investment vehicles to recoup losses on four collateralized debt obligations.

  • 09 Apr 2013
New York Supreme Court Justice Shirley Werner Kornreich has dismissed a lawsuit filed against UBS by Loreley Financing investment vehicles to recoup losses on four collateralized debt obligations. The judge said “There is nothing in the complaint that indicates that Loreley particularly cared about” the investment strategy of ...

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