U.S. judge approves delay sought in UBS tax case

Mon Jul 13, 2009 9:14am EDT
 
[-] Text [+]

MIAMI, July 13 (Reuters) - A U.S. judge agreed on Monday to delay the start of a trial in which U.S. tax authorities hoped to force UBS AG (UBSN.VX) (UBS.N) to reveal the identities of thousands of Americans suspected of using the bank to evade taxes.

The postponement was requested in a joint motion from the Swiss bank and the U.S. Justice Department on Sunday, as the clock ticked down to Monday's scheduled start of the much-anticipated trial in U.S. District Court for the Southern District of Florida in Miami.

Presiding Judge Alan Gold reset the trial opening for Aug. 3, in line with Sunday's request by the parties for time to continue talks aimed at reaching an out-of-court settlement of the tax dispute. (Reporting by Tom Brown; Editing by Gerald E. McCormick)

 

More News

UBS tax deal forged in sweat-drenched talks: source
Thursday, 13 Aug 2009 04:08pm EDT 
US-UBS deal forged in sweat-drenched talks-source
Thursday, 13 Aug 2009 03:18pm EDT 
UPDATE 5-UBS, U.S. settle tax evasion case
Wednesday, 12 Aug 2009 02:17pm EDT 
TIMELINE-UBS initials deal in U.S. tax case
Wednesday, 12 Aug 2009 10:00am EDT 
US, UBS have initialled deal in tax dispute-attorney
Wednesday, 12 Aug 2009 09:05am EDT 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video