A mortgage securities has beaten a lawsuit , that had alleged that it hid the balance of $ 1.1bn in residential loans behind mortgage - backed securities ; a judge ruled that the suit had been fired too late . The case had been filed against UBS Real mortgage Securities .
A UBS affiliate has beaten a lawsuit, that had alleged that it hid the quality of $1.1bn in residential loans behind mortgage-backed securities; a judge ruled that the suit had been fired too late. The case had been made against UBS Real Estate Securities.