UBS acquitted over Lehman Brothers lawsuit filed in Marbella | SpanishNews.es: "Court of First Instance No. 6 of Marbella has acquitted UBS Bank to pay 12 million euros to a client for an investment in Lehman Brothers bonds. The lawsuit is the biggest Lehman Brothers-related lawsuit in Spain.
The court ruling declared that the client “has not shown the occurrence of any alleged failings” to the entity. The plaintiff was a client of the UBS private banking office in Marbella, who had invested all the profits from the sale of land in Lehman Brothers bonds.
The customer lost his entire investment with the bankruptcy of Lehman Brothers on 15th September 2008"
No comments:
Post a Comment
NO ADVERTISING...Readers are solely responsible for the content of the comments they post here. Comments are subject to the Blogspots terms and conditions of use and do not necessarily reflect the opinion or approval of the Costa del Crime site. Readers whose comments violate the terms of use may have their comments removed or all of their content blocked from viewing by other users without notification.Contact: reporters@elitesecurity.org