Weekly Brief: UBS Smacked in LIBORgate Settlement

Dec. 20 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. UBS announced a major settlement with US, UK and Swiss authorities for its role in rigging global interest rates. Also, Goldman Sachs and Rajat Gupta are sparring in court over who should pay the nearly $7 million the investment banking giant has spent on Gupta's insider trading scandal. Finally, are we going to see another BigLaw mega-merger? Reports indicate a deal to create a 950-lawyer firm could be in the works.
Opposition Leader Ahead in Nigeria Presidential Election
24:35 - Bloomberg’s Pimm Fox reports on today's top headlines on “Money Clip.” (Source: Bloomberg)
  • Charter to Buy Majority Stake in Bright House
  • Yemeni Weapons Storage Facility Hit By Saudis
  • Ex-Allergan CEO Converted Stock Holdings for $534M Cash