A US judge has rejected an attempt by Swiss bank UBS to limit its liability over new findings on accounts linked to Nazi Germany. + Get the most important Swiss news directly in your inbox The bank had argued that a 1999 settlement should be interpreted as shielding it from any future lawsuits stemming from newly uncovered evidence. However, the federal judge overseeing the case in Brooklyn, New York, dismissed the request on Tuesday, according to the ruling seen by the news agency AWP. Judge Edward Korman said UBS was effectively asking the court to rule on “hypothetical” lawsuits. Without a specific legal dispute before him, he said, there was no basis for the court to interpret the agreement. “As long as there is no actual legal dispute requiring a court ruling, the agreement stands as it is,” the judge wrote. +Read more about the Holocaust assets controversy The question of new Holocaust-related lawsuits in the United States therefore remains unresolved. The issue has been ...
