12:35 PM EDT, 05/09/2024 (MT Newswires) -- UBS (UBS) won more time to furnish responses in a lawsuit brought by investors after the write-down of $17 billion worth of Credit Suisse's Additional Tier 1 bonds following its acquisition by UBS, Bloomberg reported Thursday, citing documents it viewed.

UBS lawyers now have until June 3 to submit comments as opposed to an earlier deadline in May.

UBS lawyers sought more time citing a larger volume of documents than expected and the requirement to submit responses in Italian instead of German, the report said.

UBS declined comment to Bloomberg.

The firm did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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