UBS to disclose names of American clients suspected of tax evasion

“The parties have initialed agreements,” Stuart Gibson, a Justice Department lawyer who is trying the case, said in a conference call on Wednesday with the judge overseeing the matter. Mr. Gibson told Judge Alan Gold of Federal District Court in Miami that both sides would move next week to have the legal case dismissed and file court documents outlining the settlement.

Mr. Gibson told the judge last week that he hoped a deal could be completed by Aug. 12.

It is unclear how many client names UBS will ultimately reveal or whether it will pay a fine. UBS and the Swiss government have been fighting efforts by the Justice Department to force it to disclose the names of 52,000 wealthy American clients of UBS suspected of offshore tax evasion, which came in a civil lawsuit filed by the Justice Department in February.

A number of wealthy Americans have approached the I.R.S. in recent months to disclose their offshore accounts, in exchange for reduced penalties.

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