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UBS expects to be sued by U.S. Justice Dept over crisis-era mortgage securities

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UBS expects to be sued by U.S. Justice Dept over crisis-era mortgage securities

UBS expects to be sued by U.S. Justice Dept over crisis-era mortgage securities
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Stefano Rellandini(Reuters)
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(Reuters) - UBS <UBSG.S>, Switzerland's largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the 2008-09 financial crisis, according to a company statement.

The bank said the claims were not supported by the facts or the law and it would contest any such complaint "vigorously."

(Reporting by Karen Freifeld; Editing by Chris Reese)

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