UBS Wins Dismissal Of Remaining Wage Claims

Law360, New York (December 7, 2007, 12:00 AM EST) -- A federal judge has dismissed the remaining claims in a wage-and-hour suit brought against the brokerage arm of UBS by a former advisor who opted out of a $44 million settlement.

In an order issued Wednesday, Judge Maxine M. Chesney of the U.S. District Court for the Northern District of California ruled that the former UBS advisor, David Waisbein, could not seek penalties on behalf of the state for alleged violations of the Private Attorneys General Act.

In doing so, Chesney vacated an order she issued...
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