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Judge Extends Time for U.S., UBS to Settle Tax Evasion Dispute
By Brian Monroe
printA Miami judge Monday granted a two-week stay of a hearing on whether the United States can force UBS AG to turn over data on 52,000 suspected U.S. tax evaders. U.S. District Court Judge Alan Gold agreed to the motion, which was filed jointly Sunday by both parties in an effort to extend negotiation time for an out-of-court settlement. Meeting with both sides shortly before the hearing began early Monday morning, the judge said he "had no problem" granting more delays if necessary. Federal prosecutors filed the civil lawsuit against the Swiss bank on Feb. 19, one day after UBS...
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