By Greg Michaels

It turns out the little healthcare banking scuffle between UBS and Jefferies wasn't the first time these two titans have clashed over some form of theft. UBS confirmed yesterday that it charged three former members of its algorithmic trading group with stealing 25,000 lines of source code and taking the trade secrets to Jefferies.

UBS has twice pulled out of settlement talks and is hell bent on torturing my clients rather than finding out if the source code is being used.

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