UBS urges jury to reject self-proclaimed whistle-blower’s story

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Jury Gives Ex-UBS Analyst Nearly $1M In whistleblower row. ubs‘ financial difficulties were also exacerbated when a London trader lost the company $2 billion after engaging in speculative trading, the bank said. UBS also argued that Murray didn’t have a reasonable belief that the conduct he reported was a violation of applicable laws or regulations,

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UBS urges jury to reject self-proclaimed whistle-blower’s story A lawyer for UBS Group AG urged a New York jury to reject the tale of a former senior commercial mortgage-backed securities strategist who claimed he was fired for refusing to let the Swiss bank’s traders influence his research reports.

Thursday sided with a former UBS AG mortgage analyst in his whistleblower suit against the bank, awarding him nearly $1 million and finding he was fired for refusing to skew his mortgage-backed securities research to impress investors.