Quote of the Day

“The court takes UBS employees at their word when they referenced their Notes, these purported “investment grade” securities which they sold as “crap” and “vomit”, for UBS alone possessed the knowledge of what their product, their inventory, was truly worth.”

Pursuit Partners v. UBS A G, No. CV 084013452S, (Sup. Ct. Conn. Sept. 9, 2009)

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