A Manhattan Supreme Court justice has confirmed an arbitration panel’s award of $1.37 million in deferred compensation, and $937,495 in related attorney fees and severance pay, to a former trader terminated by UBS Securities for allegedly allowing an $18 billion trade without authorization.

Commercial Division Justice Eileen Bransten found that the arbitration panel was “well within its rights to declare [the trader’s] termination unjust” and did not exceed its authority when interpreting his employment agreement, despite UBS’s argument that the trader was an at-will employee who could be granted deferred compensation by an arbitrator only in limited circumstances.