New York sues UBS, alleges auction-rate fraud
NEW YORK (Reuters) - New York State sued UBS AG on Thursday, accusing the Swiss bank of committing a "multi-billion dollar fraud" by steering broker clients into auction-rate securities that became impossible to sell once the credit market tightened.
<p><img src="http://feeds.feedburner.com/~a/reuters/businessNews?i=OKYWW9" border="0"></img> (http://feeds.feedburner.com/~a/reuters/businessNews?a=OKYWW9)</p><div class="feedflare">
<img src="http://feeds.feedburner.com/~f/reuters/businessNews?i=iia7oJ" border="0"></img> (http://feeds.feedburner.com/~f/reuters/businessNews?a=iia7oJ) <img src="http://feeds.feedburner.com/~f/reuters/businessNews?i=yL2qgj" border="0"></img> (http://feeds.feedburner.com/~f/reuters/businessNews?a=yL2qgj) <img src="http://feeds.feedburner.com/~f/reuters/businessNews?i=Pmo4Gj" border="0"></img> (http://feeds.feedburner.com/~f/reuters/businessNews?a=Pmo4Gj)
</div><img src="http://feeds.feedburner.com/~r/reuters/businessNews/~4/344996728" height="1" width="1"/>
http://feeds.feedburner.com/~r/reuters/businessNews/~3/344996728/idUSN2446323720080724