NEW YORK, NY / ACCESSWIRE / April 27, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of UBS Group AG ("UBS" or "the Company") (NYSE:UBS). Investors who purchased UBS securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ubs.
The investigation concerns whether UBS and certain of its officers and/or directors have violated federal securities laws.
In late March 2021, Archegos Capital Management ("Archegos") failed to meet margin calls, forcing the liquidation of more than $20 billion in holdings and triggering significant losses at multiple banks that had lent heavily to Archegos. Then, on April 27, 2021, UBS disclosed that it had incurred losses of approximately $861 million in connection with Archegos's implosion. On this news, UBS's stock price fell sharply during intraday trading on April 27, 2021.
If you are aware of any facts relating to this investigation, or purchased UBS shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/ubs. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC