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Judge: UBS can't use arbitration clause to sidestep class action by fired employees over bonus payments
A federal judge has denied an attempt by UBS to sidestep a class action suit accusing the company of terminating employees to avoid paying their bonuses.
Interest rate swaps class action vs big banks could draw in 'tens of thousands' of public bodies with billions at stake
Two Mississippi and Alabama hospitals and the county that includes the cities of Biloxi and Gulfport, Miss., have squared off in Chicago federal court with many of the country’s biggest financial institutions over so-called interest rate swaps — an issue now impacting governments and other public bodies throughout the country, including Chicago’s public schools system.
Former part-time clerk asks judge to rein in UBS' efforts to lasso him in FINRA arbitration worth millions
A former clerk with UBS Financial Services in Chicago went to Chicago federal court last week, arguing the Financial Industry Regulatory Authority has no jurisdiction over him in a multi-million dollar arbitration action, brought against him by UBS for allegedly breaching his employment contract. On Sept. 10, Alexander Freund lodged a two-count complaint against New Jersey-headquartered UBS Financial Services, seeking declaratory judgment and an injunction.