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UBS defeats lawsuit over late Indonesian statesman's accounts
Thursday January 22nd 2015, 4:24 pm

By Dena Aubin NEW YORK (Reuters) - UBS AG has won dismissal of a lawsuit accusing it of seizing billions of dollars from inactive accounts over the past 30 years, including assets of the late Indonesian statesman and United Nations General Assembly President, Adam Malik. Filed in September in a California federal court, the lawsuit said the bank "fast-tracked" the closure of inactive accounts to ... [News Source]