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Violation Tracker Individual Record

Company: UBS AG
Current Parent Company: UBS
Penalty: $8,000,000
Year: 2022
Date: November 2, 2022
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: UBS and four other banks agreed to pay a total of $40 million to settle litigation alleging they conspired to manipulate an Australian short-term interest benchmark. Court documents did not specify how much each company would pay. Here we assume they each paid an equal share.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:16cv6496
Case Name: Dennis et al v. JPMorgan Chase & Co. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.