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HAMBURG: Charles Barker Corporate Communications GmbH has issued the following news release:On 28 December 2018, 18 investment firms based in Germany, elsewhere in Europe and the United States (the 'Investors') [...]

NEW YORK AND HAMBURG : HSH Nordbank AG has issued the following news release: Holders of more than EUR 900 million of HSH Nordbank AG ('HSH') (STUTTGART: DE000HSH4H62) tier 1 [...]

On March 20, U.S. District Judge Paul G. Gardephe of the Southern District of New York granted in part and denied in part Defendants' motion to dismiss a complaint filed [...]

Germany's HSH Nordbank AG has filed a suit in New York state court seeking a restitution sum of $275 mil plus punitive damages from Swiss bank UBS AG. HSH alleges UBS duped the lender into buying $500 mil in investments from a now-closed hedge fund that it used as a depository for subprime mortgage securities. UBS has filed a countersuit in the UK, but details have not been made public.

UBS has been accused of defrauding a client that invested in a portfolio of collateralised debt obligations. HSH Nordbank, the German sector public lender, yesterday filed a writ against UBS […]

HSH Nordbank says alleged 'fraudulent acts and wilful breaches of duty' by UBS led to a Dollars 275m fall in the value of a portfolio of credit derivatives sold to [...]

Byline: CARRICK MOLLENKAMP Swiss banking giant UBS AG, already among those hit hardest by losses on mortgage investments gone bad, now faces legal claims that it dumped some of the [...]

The collapse of the credit bubble and widespread losses among all manner of complex structured products might be expected to have litigation lawyers licking their lips at the prospect of [...]

UBS, the European bank worst hit by the subprime crisis, faced another blow after HSH Nordbank, the German public sector lender, said it would sue to recover subprime losses. HSH [...]

UBS, the European bank worst hit by the subprime crisis, faced another blow after HSH Nordbank, the German public sector lender, said it would sue to recover subprime losses. HSH [...]

Germany's HSH Nordbank AG is in talks with the United Kingdom's Barclays Bank PLC in an attempt to avoid a court case. HSH Nordbank AG alleges the bank was deceived in a derivatives trade costing HSH Nordbank AG $150 million.

NEW YORK -- HSH Nordbank AG has filed a lawsuit against UBS involving a U.S. mortgage-linked collateralized debt obligation portfolio, alleging breaches of contractual obligations and fiduciary duties that UBS [...]

As litigations related to ABS losses mount in the U.S., European investors are beginning to show signs of similar uneasiness. This has prompted an increasing number of U.K. law firms [...]

HSH Nordbank AG is suing UBS AG, alleging that UBS sold it $500 million in securities that were used as a repository for subprime-mortgage securities and which led to a loss of $275 million for HSH.