UBS Group AG (UBS)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of UBS Group AG (“UBS” or “the Company”) (NYSE: UBS). Investors who purchased UBS securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether UBS has violated federal securities laws.
Investigation Details:
On September 27, 2023, Bloomberg published an article reporting that “[t]he US Department of Justice has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation.” The article described “a full-scale investigation focusing on Credit Suisse” and reported that “[t]he DOJ has briefed US-based lawyers for UBS about Credit Suisse’s alleged exposure to sanctions violations since UBS acquired its smaller rival in June” as well as “possible compliance failures at UBS[.]” On this news, UBS’s stock price fell sharply during intraday trading on September 27, 2023.
What’s Next?
If you are aware of any facts relating to this investigation or purchased UBS securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]