Former UBP GC Sues Over 'Disappointing' Bonus

Law360, New York (May 11, 2011, 4:14 PM EDT) -- A Union Bancaire Privee UBP SA general counsel fired in January accused the Swiss bank in New York state court on Tuesday of breaching an oral contract to pay her a competitive bonus for her help with the fallout from the Bernard L. Madoff scandal.

Elena G. De Madariaga accused New York-based UBP Asset Management LLC of committing fraud and breaching an oral contract for allegedly failing to pay her the competitive compensation package promised in 2010.

UBPAM was under fire in 2008 when it surfaced...
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