Successfully Rep'd a Registered Rep in Securities Case
Obtained a denial of the vast majority of a request for a permanent injunction. The claims arose when our client, a registered representative associated with a national broker-dealer, resigned from her prior broker-dealer and began to solicit clients. The plaintiff alleged that she did so in violation of her employment agreement. The plaintiff originally received a temporary restraining order from a state court judge in New York City preventing our client from soliciting hundreds of her clients. The parties then proceeded to a FINRA arbitration, which was held over a period of four days, to determine whether or not the temporary restraining order should be extended or modified. Upon the conclusion of the arbitration, the panel determined that our client was free to solicit almost the entirety of her client accounts and set aside the state court judge's temporary restraining order. This panel decision almost completely nullified the plaintiff's claim for damages.