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Stock Market & Financial Investment News

News Breaks
February 8, 2013
07:42 EDTUBSCourt throws out UBS tax evasion lawsuit, Reuters reports
The 7th U.S. Circuit Court of Appeals in Chicago threw out an effort by some American customers of UBS (UBS) to recover damages over bank services that resulted in their having evaded U.S. taxes, reports Reuters. In 2009, UBS admitted that it helped several thousand wealthy Americans evade taxes. The bank also paid a $780M fine in settling with the Justice Department. Reference Link
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