1st Circ. Affirms UBS Win In Puerto Rico Pension Fight

By Brian Dowling · May 22, 2024, 7:31 PM EDT

The First Circuit said public pensioners in Puerto Rico can't advance their claims that UBS Financial Services illegally underwrote $3 billion in bonds, ruling that the island's financial restructuring plan transferred...

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Case Information

Case Title

UBS Financial Services Inc. v. Estate of Pedro Jose Nazario Serrano, et al

Case Number



Appellate - 1st Circuit

Nature of Suit

3422 Appeal 28 USC 158

Date Filed

March 14, 2023