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UBS to settle lawsuit with whistleblower, court filings show
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UBS to settle lawsuit with whistleblower, court filings show
Mar 12, 2026 1:15 AM

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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