HSH Nordbank will sue UBS to recover â€œsignificantâ€ losses it suffered when UBS mis-sold â€“ read â€œmismarkedâ€ â€“ and mismanaged subprime securities, BBC News tells us.Â
HSH is one of Germanyâ€™s largest banking institutions, and will bring the suit in New York. Weâ€™ve said that UBS can expect a slew of such lawsuits, following news of a U.S. criminal investigation, as well as SEC probes over UBS-AGâ€™s questionable valuation and pricing of subprime investments.
UBS customers should move now to learn whether they have been damaged by UBS mis-dealings.
Our affiliation of lawyers is actively involved in advising individual and institutional investors in evaluating their legal options when confronted with subprime and other mortgage related investment losses.Â