Reuters: New York State sues UBS, alleges auction-rate fraud

[chris]

New York State sues UBS, alleges auction-rate fraud
      

NEW YORK (Reuters) - New York Attorney General Andrew Cuomo
filed a civil lawsuit on Thursday against UBS AG ,
accusing the Swiss bank of deceptively steering customers into
auction-rate securities that this year became impossible to
sell amid the credit crunch.
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