UBS and former bond strategist Trevor Murray have reached an agreement in principle to settle his long‑running Sarbanes‑Oxley whistleblower lawsuit, stemming from his 2012 firing after he refused to issue misleading research reports.
March 12 (Reuters) - UBS has reached an agreement in principle with whistleblower Trevor Murray, a former bond strategist who accused the Swiss bank of firing him in retaliation for refusing to publish misleading research reports, U.S. court filings on Wednesday showed.
The parties expect to reach a final settlement within 30 days, according to a joint statement by UBS and Murray, ending legal proceedings that began after his 2012 firing.
A New York appeals court last year threw out a $2.6 million jury award in favor of Murray, which the U.S. Supreme Court had earlier reinstated, in a 2024 ruling that made it easier for whistleblowers to win such lawsuits.
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