An investigation on behalf of investors of UBS Group AG (USA) (NYSE:UBS) shares over potential securities laws violations by UBS Group AG (USA) (NYSE:UBS and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of UBS Group AG (USA) (NYSE:UBS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of UBS Group AG (USA) (NYSE:UBS) concerning whether a series of statements by UBS Group AG (USA) (NYSE:UBS regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
UBS Group AG reported that its Net Loss of $2.26 billion in 2012 turned into a Net Income of over $3.6 billion in 2014.
Shares of UBS Group AG (USA) (NYSE:UBS) declined from $23.12 per share in August 2015 to $18.03 per share in September 2015.
On November 3, 2015, UBS reported its third quarter financial results. Among other things, UBS pre- announced that it has received inquiries from authorities relating to FIFA and other constituent soccer associations and related persons and entities. UBS said it is cooperating with authorities in these inquiries.
According to the investigation swiss and other authorities are in the process of investigating financial corruption linked to FIFA and the swiss case relates to criminal mismanagement at FIFA and money laundering linked to the 2018-2022 World Cup bidding contests, and in September, Switzerland’s attorney general stated that he had reports of 121 accounts suspected of links to money laundering.
Shares of UBS Group AG (USA) (NYSE:UBS) closed on December 1, 2015 at $19.36 per share.
Those who purchased shares of UBS Group AG (USA) (NYSE:UBS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com