Litigation
Apr. 11, 2012
Judge poised to toss mogul's claims over offshore accounts
A federal judge in Santa Ana is poised to dismiss a civil case brought by a billionaire real estate magnate seeking $1.7 billion in damages from Swiss Bank UBS for allegedly deceiving him into not reporting accounts to the IRS.
Daily Journal Staff Writer
A federal judge in Santa Ana is poised to dismiss a civil case brought by a billionaire real estate magnate seeking $1.7 billion in damages from Swiss Bank UBS for allegedly mismanaging funds and deceiving him into not reporting accounts to the Internal Revenue Service.
In a tentative ruling on Monday, U.S. District Judge Andrew Guilford asserted that "two wrongs do not make a right," pointin...
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