UBS Whistle-Blower Retaliation Win Overturned on Appeal (2)

A federal appeals court in New York vacated a jury verdict in favor of a former UBS AG senior strategist who claimed he was illegally fired in 2012 for refusing to sugarcoat his reports for clients.

Trevor Murray’s 2017 trial win is invalid because the judge failed to inform jurors that a whistle-blower must prove their employer intentionally retaliated against them, the 2nd US Circuit Court of Appeals in Manhattan ruled Friday. The appeals court ordered a new trial.

Murray, who worked for UBS’s commercial mortgage-backed securities business for one year, accused the Swiss lender of violating whistle-blower protections ...