Bloomberg News reports that Judge Michael Burton dismissed the claim in a ruling in London on last week.
During a trial last year, Decura argued that cuts at the bank damaged its ability to market Decura products. UBS has cut about 2,400 jobs at its investment banking unit since late 2012 and is exiting most debt-trading activities while focusing on its wealth management business.
Burton said in the ruling that he wasn’t satisfied that the cuts hindered UBS’s ability to market Decura’s products.
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