UBS’s $5 Billion Retrial, Theranos Shelved in Virus Backlog (1)

May 26, 2020, 3:57 PM UTC

Courts reopening around the globe are confronting a backlog of thousands of cases, including UBS Group AG’s $4.9 billion tax-evasion penalty, former TheranosCEO Elizabeth Holmes’s alleged fraud and even the 2016 Brussels terrorist attacks that killed 32 people.

The volume of cases shelved as courthouses were shuttered in response to the coronavirus pandemic may take months, possibly years, to work through. Many courts are adopting measures to help clear dockets, whether simply dropping minor matters, throwing more judges at the issue, or plea-bargaining cases that might otherwise have gone to trial.

Stay-at-home orders imposed across Europe and ...

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