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Laura Zubulake v. UBS Warburg, LLC, et al. - 4/6/2005

Award Amount- $29,273,190.00

Case Summary: On April 6, 2005, a jury of six women and two men awarded $2,241,009 in back pay, $6,863,100 in front pay, and $20,169,081 in punitive damages to Laura Zubulake, a former institutional equities saleswoman at UBS. Ms. Zubulake sued UBS for discriminating against her on the basis of her sex, and for retaliating against her by firing her after she complained. Ms. Zubulake was employed by UBS from August 1999 through October 2001. For 2000, her last full year of employment, she earned total compensation of $650,000. Among the noteworthy aspects of the verdict is the apparent recognition by the jury - through its award of almost $7 million in front pay - that UBS's mistreatment of Ms. Zubulake significantly hindered her prospects for future employment. In awarding punitive damages of over $20 million, the jury determined that UBS acted with malice or reckless disregard of Ms. Zubulake's rights.

Click here to read the closing arguments presented by Ms. Zubulake's counsel to the jury.

Click here to read the presentation Ms. Zubulake's counsel made in which he asked the jury for a punitive damages verdict.

Lawyer(s):
James R. Hubbard
Christine A. Palmieri


Judge: Shira A. Scheindlin



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