Yesterday (January 3, 2007), Judge Cedarbaum of the Southern District of New York issued an Order directing the transfer of a pending matter to the United States District Court of Nebraska.
Yesterday (Dec. 12, 2006), the NYS Attorney General’s Office filed a lawsuit against UBS Financial which alleges fraud in its asset based account program (Insight One).
On December 8, 2006, the Nebraska Supreme Court issued a new opinion addressing Nebraska securities law. A copy of the decision in Myers v. Nebraska Investment Council, et al., 272 Neb. 669, 2006 Neb. LEXIS 170 (2006), is provided below.