Brokers Bring Race Bias Suit Against UBS

Law360, New York (May 10, 2007, 12:00 AM EDT) -- Seven African-American brokers at UBS Financial Services Inc. have targeted the firm in a race segregation and discrimination suit, alleging that UBSFS staffed its former Maryland office predominantly with African-American brokers to draw business from clients of the same race.

The brokers, who filed the suit in the U.S. District Court for the District of Columbia on Tuesday, claimed that UBSFS steered the group of brokers to a Largo, Md. office that was established to market the firm’s financial and investment services to the area’s African-American...
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