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UBS Seeks Protection from New Holocaust Lawsuits Amid Controversy

3/11/2026

Summary

Story summary

UBS asked a U.S. judge to shield it from new Holocaust-related lawsuits tied to Credit Suisse's World War Two activities.
At a court hearing, UBS's lawyer argued that a 1999 settlement of $1.25 billion covered all Holocaust claims.
The Simon Wiesenthal Center opposed this, claiming UBS seeks to reinterpret the settlement and silence challenges.
Neil Barofsky's investigation, expected to conclude this year, has revealed 890 accounts with potential Nazi links.

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Story summary

UBS asked a U.S. judge to shield it from new Holocaust-related lawsuits tied to Credit Suisse's World War Two activities.
At a court hearing, UBS's lawyer argued that a 1999 settlement of $1.25 billion covered all Holocaust claims.
The Simon Wiesenthal Center opposed this, claiming UBS seeks to reinterpret the settlement and silence challenges.
Neil Barofsky's investigation, expected to conclude this year, has revealed 890 accounts with potential Nazi links.