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Video: UBS Smacked in LIBORgate Settlement; $7M Legal Fee Bill Dispute; Mega-Merger in the Works?

Posted Dec 20, 2012 1:45 PM CDT

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Editor's Note: We're experimenting with using more video on ABAJournal.com and will be bringing you this short weekly legal news brief from Bloomberg Law. Adding video would not mean eliminating text-based stories. Rather, we're exploring adding more multimedia options in addition to our text-based posts. Also, in response to the feedback, there is a summary included with the video.

Summary of Bloomberg Law's Lee Pacchia's legal news picks 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.

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