Monday, December 10, 2007, 4:13 PM

UBS Wins Dismissal Of Remaining Wage Claims

From Employment Law360: A federal judge has dismissed the remaining claims in a wage-and-hour suit brought against the brokerage arm of UBS by a former advisor who opted out of a $44 million settlement. In an order issued Wednesday, Judge Maxine M. Chesney of the U.S. District Court for the Northern District of California ruled that the former UBS advisor, David Waisbein, could not seek penalties on behalf of the state for alleged violations of the Private Attorneys General Act. In doing so, Chesney vacated an order she issued this August that dismissed most of the claims against UBS Financial Services Inc., but let Waisbein seek penalties under PAGA to be awarded to the state.

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1 Comments:

Blogger Buford said...

I am one of the many parties to the UBS Settlement from Feb '06. None of us has seen a dime from this settlement. Additionally, there is no status of this case available. Does anyone know what is going on. I think the same judge is hearing this.

February 20, 2008 at 2:53 PM  

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