The news of a “rogue trader” losing $2.3 billion from the vaults of UBS AG last month translates into exciting headlines, steeped in international intrigue. But for institutional investors in the Swiss bank, this stream of negative stories is likely to make them want to reach out to a lawyer.
“When something like UBS comes up, the news flow is just so intense that it’s going to pop into my clients’ radar,” says Dominic Auld, of counsel for Labaton Sucharow LLP, who specializes in securities class action litigation. “They want us to handicap it: what’s it all about”
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