{"id":11876,"date":"2009-09-15T04:40:55","date_gmt":"2009-09-15T08:40:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=11876"},"modified":"2009-09-15T04:40:55","modified_gmt":"2009-09-15T08:40:55","slug":"tough-accusations-in-hedge-fund-lawsuit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2009\/tough-accusations-in-hedge-fund-lawsuit.html","title":{"rendered":"Tough Accusations In Hedge Fund Lawsuit"},"content":{"rendered":"<p>Conneticut Law Tribune &#8211; Stamford Superior Court Judge John F. Blawie ordered the international investment giant to post the funds in advance of litigation, stating that the hedge fund established probable cause that UBS sold the debt instruments even though it had inside information that major credit rating agencies were just about to downgrade them.<\/p>\n<p>\u201cThe court takes UBS employees at their word when they referenced their Notes, these purported \u2018investment grade\u2019 securities which they sold, as \u2018crap\u2019 and \u2018vomit,\u2019 for UBS alone possessed the knowledge of what their product, their inventory, was truly worth,\u201d the judge wrote.<\/p>\n<p>In a statement, UBS noted that Blawie\u2019s ruling is only \u201cpreliminary\u201d and said it had confidence it would win the case on the merits.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.ctlawtribune.com\/getarticle.aspx?ID=34936\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conneticut Law Tribune &#8211; Stamford Superior Court Judge John F. Blawie ordered the international investment giant to post the funds in advance of litigation, stating that the hedge fund established probable cause that UBS sold the debt instruments even though [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15831,11148,9972],"class_list":["post-11876","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-debt-instruments","tag-hedge-fund","tag-international-investment"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11876"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11876\/revisions"}],"predecessor-version":[{"id":11877,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11876\/revisions\/11877"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}