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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of UBS Group AG (NYSE: UBS) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of UBS Group AG (NYSE: UBS) concerning whether a series of statements by UBS Group AG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 3, 2015, The Swiss bank stated that it has "received inquiries from authorities relating to [FIFA] and other constituent soccer associations and related persons and entities. UBS is cooperating with authorities in these inquiries." The Swiss case is associated to criminal mismanagement at FIFA and money laundering that is connected with the World Cup bidding contest in 2018-2022.
On this news, NYSE: UBS dropped approximately $1.10, or 5.39% during intraday trading on November 3, 2015.
Based in Zurich, Switzerland, and founded in 1862 UBS Group AG provides investment banking, asset management and wealth management services worldwide.
If you purchased shares of UBS Group AG (NYSE: UBS) on or before November 3, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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