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Swiss Bank UBS Sued by 500 Americans

by Gisela Martinez

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The Swiss Bank UBS is being sued by at least 500 of their American clients for releasing information to the USA.

Executive Summary - The Swiss Bank UBS is being sued by at least 500 of their American clients for releasing information to the USA. The clients feel betrayed and are suing. The Swiss have had to add on 5 judges for a two year posting to hear the excess of cases they just got hit with. More cases should be coming in I would think.

As a result of the Swiss economy is getting hit hard. Personal bankruptcies are expected to hit 6,000 this year. Business bankruptcies this year will hit 5,000 for the first time. What I say is: What about the people who trusted them with their life savings that they betrayed?

Aurelia Masterson is a senior partner at Panama Legal Law Firm, based in Panama City, Panama. You can reach her at: aurelia@panamalaw.org
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