UBS rogue trader verdict 'leaves door open' for litigation
Verdict in trial of Kweku Adoboli may lead to litigation against UBS, legal expert warns
The jury's decision to find fraudster Kweku Adoboli not guilty of false accounting could lead to litigation against UBS, a legal expert warns.
Adoboli was this week sentenced to seven years in prison for two counts of fraud while working as a trader at UBS. However, the jury found him not guilty of four other charges of false accounting.
Dominic Auld, a securities litigation expert at US law firm Labaton Sucharow, warns the verdict "leaves the door open" for litigation. "If he's not guilty in
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