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UBS Loses Bid For $20M Coverage Of Debt Bond Suits

By Jeff Sistrunk ( February 1, 2018, 10:40 PM EST) -- A UBS AG unit cannot tap into $20 million in coverage to defray costs associated with claims that investors lost billions of dollars because UBS manipulated Puerto Rico's municipal debt bond market, a federal judge ruled Thursday, holding that an exclusion applies because the claims are highly similar to previously filed actions. . . .

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