UBS Ordered To Pay $3.5M In Sex Bias Case

Law360, New York (April 16, 2007, 12:00 AM EDT) -- A federal jury on Friday ordered UBS Financial Services Inc. to pay more than $3.5 million in punitive damages in a case brought by a former stockbroker who claimed the financial giant fired her for failing to meet asset management standards it did not similarly require of male financial advisors.

The jury in the U.S. District Court for the Southern District of New York found that UBS had discriminated against Roberta Tse, a former financial advisor, by putting her on a so-called business development plan that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.