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.

Inside the M&A Deals in the Health-Care Sector
07:43 - Former Allergan Chairman and CEO David Pyott discusses mergers and acquisitions in the health-care sector. He speaks on "Bloomberg Markets." (Source: Bloomberg)
  • Cleveland Cavaliers Owner: Lack of Investment in U.S.
  • Over $8 Trillion Lost in Recent Market Mayhem
  • Surveillance Full Episode (02/12)