UBS Group AG and Zurich-based finance blog Inside Paradeplatz have reached a settlement in a lawsuit initiated by Credit Suisse over allegations of abusive reader comments attached to articles on the site.
As part of the settlement, which was reached on Aug. 24 in the Zurich Commercial Court, Inside Paradeplatz deleted reader comments and deleted or adjusted three parts in two articles on its website, according to an article published on the site detailing the settlement.
“Inside Paradeplatz expresses its regret for any harm caused by the publication of reader comments,” the blog wrote on its website. Remaining claims were dropped as part of the settlement. Credit Suisse was acquired by UBS earlier this year.
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The case dates to December when Credit Suisse hired a lawyer to sue the blog, run by Lukas Hässig, in a 265-page claim for 300,000 Swiss francs ($339,390) in damages. It called for the removal of 52 articles the blog published between July 27 and October 28, as well as the reader comments that appeared under the articles.
Inside Paradeplatz didn’t specify the amount of the settlement.
