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Original article in today's paper:
The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion.
The reversal comes as UBS and senior Swiss government officials have mounted a fierce lobbying campaign to persuade Washington to drop the case.
The morning article, which has been pulled, failed to note if the President had left the room during the fierce lobbying efforts.
The afternoon edition reversed course:
Justice Department Denies Plan to Settle UBS Case
By LYNNLEY BROWNING
The Justice Department issued a statement on Tuesday denying a New York Times report that it was considering dropping a closely watched lawsuit against the Swiss bank UBS, seeking the names of 52,000 wealthy American clients suspected of offshore tax evasion.
Saying there was “no basis for the report,” Charles Miller, a Justice Department spokesman, said in the statement, “While the department is always willing to consider settlement in any case, the suggestion that the department is planning to drop this suit is simply untrue. The department is continuing with the case against UBS and will file its brief asking the court to enforce the summons on June 30.”
Even so, the Swiss finance minister, Hans-Rudolf Merz, told Swiss radio on Tuesday that UBS and the American authorities were trying to reach a settlement.
http://www.nytimes.com/2009/06/24/bu...l?ref=business
The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion.
The reversal comes as UBS and senior Swiss government officials have mounted a fierce lobbying campaign to persuade Washington to drop the case.
The morning article, which has been pulled, failed to note if the President had left the room during the fierce lobbying efforts.
The afternoon edition reversed course:
Saying there was “no basis for the report,” Charles Miller, a Justice Department spokesman, said in the statement, “While the department is always willing to consider settlement in any case, the suggestion that the department is planning to drop this suit is simply untrue. The department is continuing with the case against UBS and will file its brief asking the court to enforce the summons on June 30.”
Even so, the Swiss finance minister, Hans-Rudolf Merz, told Swiss radio on Tuesday that UBS and the American authorities were trying to reach a settlement.
http://www.nytimes.com/2009/06/24/bu...l?ref=business
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