Arndt v. UBS AG

MEMORANDUM & ORDER

GLASSER, District Judge.

Plaintiffs bring this action against defendant UBS AG (“UBS” or “Defendant”) for an accounting, imposition of a constructive trust, fraud, misrepresentation, spoliation of evidence, and unjust enrichment. Plaintiffs name the United States as a party to this case in an effort to obtain certain documents from the Government to support its claims against UBS. In sum, Plaintiffs contend that UBS, as a successor-in- interest to I.G. Farben (“Farben”), a German company which profited during the Nazi regime, failed to turn over assets which rightfully belong…