Oregon joined a class action suit against UBS AG in an effort to recover over $25 million the Oregon Public Employees’ Retirement Fund lost on the company’s stock as charges of securities fraud and tax evasion surfaced over the past three years.

The lawsuit alleges that the bank hurt shareholders by failing to disclose its exposure to the subprime mortgage market, “fraudulently” marketing auction-rate securities, and by helping wealthy Americans evade taxes.

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