US Loses Ground in Swiss Diplomatic Banking Standoff

UBS CUSTOMER WINS SWISS APPEAL, DENIES CAUSE IN TAX EVASION CLAIMS

4,450 OTHER CASES IN JEOPARDY BY PRECEDENT-SETTING CASE

FULL STORY - NY TIMES

The case follows a deal in August in which Switzerland agreed to give data to authorities in the United States on as many as 4,450 UBS accounts to settle a lawsuit in which the United States had sought information on as many as 52,000 accounts. This ruling throws doubt on whether Switzerland will be able to turn over all 4,450 accounts.