k-flash audio commentUBS seeks protection from further investigations into Nazi accounts
k-flash audio commentUBS seeks protection from further investigations into Nazi accounts

The case

The headline “UBS seeks protection from further investigations into Nazi accounts” refers to current proceedings before a US federal court in Brooklyn, New York.

Source: Swiss Press “Ein US-Richter lässt die UBS zappeln” – CH Medien

The commentary

UBS has filed a motion for a so-called “clarifying order.” With this motion the bank is asking the court to confirm that the 1999 Holocaust settlement fully and finally resolved all possible claims related to Nazi-era accounts. UBS argues that, as a result, no additional lawsuits or legal actions concerning these accounts should be permitted.

A hearing on the motion took place on 10 March 2026 before the US federal court in Brooklyn. The case is presided over by Federal Judge Edward R. Korman, who has not yet issued a decision, and no date for the ruling has been announced.

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