UBS has agreed to settle a lengthy legal dispute with former bond strategist Trevor Murray, who claimed the bank terminated him for refusing to publish misleading research. The settlement ends a court battle that has stretched over a decade since Murray's 2012 dismissal.
Swiss banking giant UBS has struck a preliminary settlement deal with Trevor Murray, a former employee who claimed the financial institution wrongfully terminated him for blowing the whistle on questionable business practices, according to Wednesday court documents.
Murray, who previously worked as a bond strategist for the bank, alleged that UBS dismissed him in 2012 as punishment for his refusal to create and distribute deceptive research materials to clients.
Both sides anticipate finalizing their settlement agreement within the next month, based on a joint filing submitted by UBS and Murray’s legal teams, bringing closure to litigation that has spanned more than a decade.
The resolution comes after a complex legal journey that saw Murray initially win a $2.6 million jury verdict, which the Supreme Court later upheld before a New York appellate court ultimately overturned the award last year. The high court’s earlier decision in 2024 had established more favorable legal standards for employees pursuing whistleblower claims against their former employers.
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