Thomas, et al. v. UBS AG (U.S District Court for the Northern District of Illinois and Seventh Circuit Court of Appeals)

Eimer Stahl represented a financial services firm in a class action alleging that the firm fraudulently misrepresented material facts about whether class members were required to disclose their foreign accounts on their United States tax returns and pay taxes to the United States on income derived from assets contained in these accounts.  The Northern District of Illinois granted the defendant’s motion to dismiss and the Seventh Circuit affirmed.