THOMAS v. UBS AG

No. 12-2724.

706 F.3d 846 (2013)

Matthew THOMAS et al., on their own behalf and that of all others similarly situated, Plaintiffs-Appellants, v. UBS AG, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 7, 2013.


Attorney(s) appearing for the Case

David R. Deary, Attorney, Jeven R. Sloan (argued), Loewinsohn Flegle Deary, Dallas, TX, for Plaintiffs-Appellants.

Nathan P. Eimer, Attorney, Eimer Stahl LLP, Chicago, IL, Dean J. Kitchens (argued), Gibson, Dunn & Crutcher, Los Angeles, CA, for Defendant-Appellee.

Before POSNER, WOOD, and WILLIAMS, Circuit Judges.


POSNER, Circuit Judge.

The three appellants are the named plaintiffs in a class action suit that seeks damages from UBS, Switzerland's largest bank, which specializes in managing the assets of wealthy persons from all over the world. Federal jurisdiction is based on the alienage branch of the diversity jurisdiction.

The parties have not made clear the source or sources of the law applicable to the case. The plaintiffs advance a variety of common law claims...

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