An ex-UBS Wealth Management USA broker locked in a now five-year-old litigation with his former employer is continuing the fight and will appeal a federal judge’s decision this month denying his whistleblower retaliation suit, according to court filings.
U.S. District Judge William J. Martini on April 8 ruled in UBS’ favor on the grounds that the ex-broker, Craig D. Price, failed to link his claimed whistleblowing activity to his February 2016 termination and did not disprove the firm’s argument that it had a legitimate reason for firing him.
The judge found Price’s termination followed an investigation UBS initiated in 2015 after two of Price’s clients filed multiple complaints with UBS, and one complaint with the Financial Industry Regulatory Authority concerning unsuitable trading in a penny stock.
“Price attempts to refute the legitimacy of UBS’s proffered reason not by demonstrating that his conduct did not violate UBS’s policies, but by arguing that UBS’s reasons must be pretextual,” the judge wrote. “The Court finds such pretext arguments uncompelling and insufficient.”
Price, who had worked at UBS for almost two-thirds of his 22-year brokerage career and has since worked solely as an independent advisor representative, on April 12 filed a Third Circuit appeals notice to challenge the judge’s ruling.
He wrote in an email that he was “not deterred” by the ruling and had high hopes for his appeal.
“The judge appears to have believed UBS’s false cover story and...
In January of 2026, the U.S. Department of Justice reported a record-breaking year for False Claims Act recoveries, with the vast majority related to healthcare. What the DOJ report does not captu...