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Tuesday, June 11, 2024 | Back issues
Courthouse News Service Courthouse News Service

‘Where’s The Money?’ Shareholders Ask UBS

BROOKLYN (CN) - UBS Securities tortiously interfered with Finish Line's $1.6 billion acquisition of Genesco, costing Genesco shareholders their promised $54.50 per share, because the mortgage-inspired credit crisis would have caused UBS to lose money on the deal, a class-action complaint claims in Kings County Court. UBS also is accused of securities fraud: making false claims about Genesco and undermining the merger.

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