US Supreme Court rejects attempt to reinstate UBS whistleblower's jury award

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 24 2025

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Source: Reuters

Supreme Court Decision: The U.S. Supreme Court declined to hear Trevor Murray's appeal to revive a $2.6 million jury award against UBS for wrongful termination related to whistleblowing, following a lower court's ruling on flawed jury instructions.
Background of the Case: Murray accused UBS of firing him for refusing to publish misleading research, while UBS claimed his termination was part of a cost-cutting measure, not retaliation for whistleblowing.
Legal Precedents: The Supreme Court previously reinstated the jury award in 2024, stating that whistleblowers only need to prove unequal treatment, not retaliatory intent, under the Sarbanes-Oxley Act.
Ongoing Legal Battle: Despite the Supreme Court's earlier ruling, the 2nd U.S. Circuit Court of Appeals overturned the award again, leading Murray's lawyer to express disappointment but a continued commitment to seek justice.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.