Judge Sides With UBS In Broker's Wage Case

Law360, New York (August 16, 2007, 12:00 AM EDT) -- The brokerage arm of UBS has won its motion to dismiss the majority of claims in a wage-and-hour case filed by a former advisor who opted out of a $44 million settlement to take on the financial giant alone.

In her order issued Wednesday, U.S. District Judge Maxine M. Chesney ruled the representative claims brought by broker David Waisbein against UBS Financial Services Inc. had already been adjudicated when his fellow brokers settled with the investment bank last year.

UBS had moved the court in April...
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