UBS To Pay $120 Million In Lehman Brothers Dispute
August 9, 2013
Swiss banking giant UBS has agreed to pay $120 million to settle a lawsuit by investors. The case goes back to 2007. Investors said they were misled about the health of the financial firm Lehman Brothers when UBS was selling them investments linked to Lehman's debt. Lehman collapsed into bankruptcy in 2008.
A predominantly African American community in rural Prince George's County recently filed a federal civil rights complaint in response to plans to build a third power plant in one town, and fifth in the region.
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