A FINRA arbitration Panel in Florida issued a rare grant of a broker-dealer firm’s Motion to Dismiss in an industry case. WSSLLP attorneys Derek Anderson and Jennifer O’Shea filed the successful motion arguing that the broker-dealer firm was not associated with the conduct at issue, per FINRA Rule 13504(a)(6)(B), and that the Claimant previously brought a claim regarding the same dispute against the same parties that was fully and finally adjudicated on the merits and memorialized in a judgment, award or decision, per FINRA Rule 13504(a)(6)(C). Attorneys Anderson and O’Shea were then successful in opposing Plaintiff’s Motion for Reconsideration. The case was eventually tried against one remaining respondent. All of Claimant’s claims were denied and he was ordered to pay attorneys’ fees. The decision can be read here.
