UBS', Credit Suisse Settle Suit With Zurich Finance Blogger Over Abusive Reader Comments: Report
Portfolio Pulse from Lekha Gupta
UBS Group AG has settled a lawsuit with Zurich-based finance blog Inside Paradeplatz, originally filed by Credit Suisse over allegations of abusive reader comments. Credit Suisse had sought $339,390 in damages and the removal of 52 articles. Inside Paradeplatz has deleted reader comments and adjusted parts of two publications. UBS has also terminated the Loss Protection Agreement related to the Credit Suisse Takeover, worth $10.3 billion, with the Swiss government.
August 29, 2023 | 1:44 pm
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NEGATIVE IMPACT
UBS has settled a lawsuit with Inside Paradeplatz and terminated a $10.3 billion agreement related to the Credit Suisse takeover. This could potentially impact the company's financial position.
The settlement of the lawsuit and termination of the Loss Protection Agreement could potentially lead to financial implications for UBS. The termination of the agreement could also impact the company's risk profile.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100