UBS Settles Suit in Lehman Brothers Bankruptcy UBS has agreed to pay $120 million to settle a lawsuit by investors who accused the Swiss bank of misleading them about the financial condition of Lehman Brothers in connection with the sale of structured notes. The preliminary settlement was disclosed in papers filed in Federal District Court in Manhattan and requires court approval. It is UBS's second settlement in less than three weeks to resolve litigation in the United States tied to the global financial crisis.