A former UBS senior strategist for commercial mortgage-backed securities developed suicidal thoughts and felt like a “pariah" in the industry after his 2012 firing and later lawsuit against the Swiss bank, a psychiatrist told a jury.
Bloomberg News reports that Trevor Murray claims in the suit that the CMBS trading desk at UBS illegally demanded preclearance of his research reports to make sure they were in line with the bank’s own financial interests, and that he was fired for blowing the whistle. A psychiatrist who diagnosed Murray and is serving as his expert witness at a trial said the firing made Murray depressed and anxious, hobbling his effort to find another high-paying job.
“He felt no one wanted to touch him, that he was damaged goods,” Robert Goldstein testified Tuesday in federal court in New York. “The loss of a high-value job is a well-established environmental trigger for depressive disorders.”
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