The New York District Office of the EEOC brought this suit against UBS Brinson, Inc. and UBS AG in the U.S. District Court for the Southern District of New York in May 2002. The complaint alleged that the defendants, institutional asset managers, violated the Age Discrimination in Employment Act (ADEA) when they required employees who would become redundant after a merger to sign releases giving up their right to sue under the ADEA. The defendants filed a motion to dismiss for failure to state a claim, which was granted in January 2003. The EEOC appealed the district court's decision, but it withdrew the appeal in November 2003. This case was related to a private suit, 1:02-cv-03745 (S.D.N.Y. May 16, 2002).

Justin Kanter - 08/06/2008


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