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Securities Docket News Wire for December 13, 2013
Get caught up with the Securities Docket News Wire for December 13, 2013.
UBS ruled not liable to U.S. shareholders for rogue trader — Reuters
U.S. securities laws have their limits and do not justify making UBS AG liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3 billion of losses, a federal judge ruled on Friday. via UBS ruled not liable to U.S. shareholders for rogue trader — Reuters
Can Employees Sue Over 401(k) Losses? Supreme Court to Decide – Law Blog – WSJ
The U.S. Supreme Court on Friday agreed to rule on when workers can sue their employer over losses to 401(k) funds containing shares of a company’s own stock. The high court agreed to hear an appeal brought by Cincinnati-based Fifth Third Bancorp. The financial firm is fighting a class-action lawsuit alleging it violated a federal […]