Client Saves Business in FINRA Arbitration.
Our Securities Practice team recently achieved a victory for a key executive associated with a national broker-dealer in a hard-fought FINRA arbitration.
When a national broker-dealer breached its contract with our client, he resigned and aligned himself and his more than 100 financial advisors with another broker-dealer. The former broker-dealer retaliated with significant claims against our client that, if successful, would have destroyed his business. The broker-dealer alleged our client improperly moved to the competing broker-dealer, raided advisors, and breached his contractual and fiduciary duties.
After more than a year of aggressive litigation, we obtained a highly favorable result that fully resolved all of the claims and resulted in dismissal of the case with no money damages against our client. Today his business is thriving.