Minneapolis Business Lawyer

UBS, the Swiss banking giant, made an agreement to settle charges that made against them from investor who bought auction-rate securities.  Investors believed that they were misled by UBS investment advisors who claimed that auction-rate securities were safe, cash-equivalent accounts.

The scandal is on-going involving many of the major financial firms from all over the country.  The company has agreed to pay $150 million in fines.  Citigroup, among some of the other banks involved, agreed to pay back $7 billion to investors and close to $100 million in penalties and fees.

Sometimes business matter can become extremely complicated.  Large settlement cases involve many parts that can be very confusing, worse yet overwhelming.  Employing an experienced business attorney to mitigate the process is the very important.  If you have a very important business matter and you would like to explore your options, call the Minneapolis business law attorneys of Skjold-Barthel at 612.746.2560.