UBS

  • formerly PaineWebber
  • 2015 – LC – The City of New Orleans v AMBAC Assurance Corporation, Ambac Financial Services, LLC, Painewebber Capital Services, Inc., And UBS Securities LLC
    • Case 2:08-cv-03949-KDE-SS
    • Document 266 – Memorandum in Opposition to Defendants’ Motion for Summary Judgment – Filed 01/08/15 – 59p
      • Due to a secret joint venture with Ambac, UBS immediately pocketed a risk-free $2 million at the City’s expense, and Ambac received full control of the City’s swap.