Internal Whistleblowing Deserves Protection, Judge Tells UBS

Law360, New York (May 22, 2013, 1:07 PM EDT) -- The Dodd-Frank Act protects whistleblowers from retaliation even if they report wrongdoing internally rather than to the U.S. Securities and Exchange Commission, a New York federal court ruled Tuesday, rejecting UBS AG’s bid to dismiss claims by a former mortgage-backed securities strategist.

U.S. District Judge Jesse M. Furman denied UBS’s motion to throw out the Aug. 2 complaint by Trevor Murray. The bank is accused of firing Murray after he complained internally that bank officials were pressuring him to skew his research to support the firm’s...
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