Robert McCann has settled his lawsuit with his former employer Bank of America/Merrill Lynch today, clearing the way for him to possibly head up the U.S. brokerage arm of UBS.

The announcement came from McCann’s lawyer, Steven G. Eckhaus, a partner at New York-based law firm, Katten Muchin Rosenman. McCann “can return to the financial services industry at the end of this month,” Eckhaus said in an interview. He wouldn’t discuss any monetary figures of the settlement or which company McCann might be considering.

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