UBS Trial Delayed for Third Time; US, Swiss Still Pursuing Deal

August 7th, 2009

Washington Post

The trial in the U.S. government’s landmark challenge to Swiss bank secrecy was postponed Friday for a third time as the United States and Switzerland continue to pursue a negotiated settlement.

The action came one week after the Justice Department declared that the two sides were on the verge of a deal and aimed to have a final agreement by Friday.

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