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A jury's verdict awarding Trevor Murray, a former UBS bond strategist, over $900,000 in damages was overturned by the 2nd U.S. Circuit Court of Appeals due to flawed jury instructions. The court ruled that Murray's whistleblowing must have directly caused his termination, not just influenced it. This decision follows a Supreme Court ruling that clarified the standards for corporate whistleblower retaliation claims.
A jury's verdict awarding Trevor Murray back pay and damages after he claimed retaliation for whistleblowing against UBS was overturned by the 2nd U.S. Circuit Court of Appeals. The court found that flawed jury instructions made it too easy to conclude that his whistleblowing contributed to his firing. The case has been sent back for further proceedings, following a Supreme Court ruling that clarified the standards for whistleblower retaliation claims in the financial sector.
Holders are advised to consult tax advisors regarding U.S. federal income tax laws and potential tax implications of Notes transactions. UBS Securities LLC and its affiliates are involved in the offering, which is subject to FINRA Rule 5121 due to conflicts of interest. The Notes are not available to retail investors in the EEA or the UK, making any related sales potentially unlawful under respective regulations.
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whistleblower verdict against UBS overturned by appeals court despite supreme court ruling
18:48 10.02.2025
whistleblower verdict overturned in UBS case after appeals court ruling
UBS Securities LLC
CHE
Jonathan Stempel
Matthew Lewis
Michael Parks
Myrna Perez
Katherine Polk Failla
Trevor Murray
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18:48 10.02.2025
conflicts of interest and restrictions on notes for retail investors
22:12 15.10.2024
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