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Litigation

Nov. 29, 2011

Investors settle Pay By Touch case

Investors who sued subsidiaries of UBS AG accusing them of hiding mismanagement within a technology company have settled their cases.

By Amy Yarbrough
Daily Journal Staff Writer

Investors in a failed high-tech startup who sued subsidiaries of UBS AG accusing them of hiding mismanagement within the technology company have settled their cases.

The Pay By Touch investors reached a confidential settlement on Tuesday with UBS Securities LLC and UBS Financial Services Inc., according to Philip L. Gregory with Cotchett, Pitre & McCarthy LLP in Burlingame.

The lawsuits, 20 of which were scheduled t...

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