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Stock Market & Financial Investment News

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March 26, 2013
06:27 EDTUBSUBS sued by Kuwaiti sheik over $20M fee, WSJ reports
Kuwaiti Sheik Meshal Jarah Al Sabah alleges that a senior executive at UBS (UBS) offered $20M to get the bank an advisory role to derail a bid by Vivendi for Zain assets, reports the Wall Street Journal. The company eventually backed out of the deal and has now denied the allegations, but Sheik Meshal has sued the company because he had not received a payment. Reference Link
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