A Zurich-based law firm wants the courts to prosecute UBS (UBS) after it handed over privileged...

|About: UBS Group AG (UBS)|By:, SA News Editor

A Zurich-based law firm wants the courts to prosecute UBS (UBS) after it handed over privileged client information to the U.S., which firm says violates Swiss secrecy laws. UBS retorts that it was acting on advice (coercion?) of its regulator, FINMA. UBS +10.4% to $9.26.