SCOTUS reaffirms whistleblower protections in ruling against UBS
By 
Jeff Dale2024-02-09T20:27:00
In a unanimous decision Thursday, the Supreme Court reaffirmed whistleblower protections guaranteed under the Sarbanes-Oxley Act.
The case, Murray v. UBS Securities, centered around the termination of former UBS analyst Trevor Murray, who was tasked with writing independent research reports on UBS’s commercial mortgage-backed securities (CMBS). Murray blew the whistle after he alleged he was pressured to write reports in a way that favored UBS’s products and sales strategies.
In its ruling, the court said whistleblowers don’t have to prove they were terminated because of “retaliatory intent”—a decision expected to set a precedent that impacts all corporate internal reporting cases in favor of whistleblowers.
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