UBS sued by Ace Decade over $500m Chinese investment
UBS is being sued in the US by Ace Decade Holdings for steering the company to invest in shares in a Chinese company, with whom UBS failed to let Ace know they had close ties; the company is now blaming the bank for its $500m loss in the investment deal, as it says it would never have gone ahead with the transaction if they had known of the relationship.

By Gail Sullivan (October 6, 2015, 6:41 PM EDT) -- Ace Decade Holdings Ltd. sued UBS in New York on Monday, blaming the Swiss bank for its $500 million loss in an investment deal UBS allegedly structured in its own favor after concealing its close ties with an intermediary....

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