Firm Wins Securities Industry Raiding Case

July 2016 – After a week-long FINRA securities arbitration, the Firm won an award in favor of its client of approximately $800,000. The Firm’s client, a securities broker-dealer, asserted claims for breach of fiduciary duty, misappropriation of trade secrets and unfair competition against a group of former employees that opened a competing broker-dealer. The arbitration panel not only provided the Firm’s client with a substantial damages award, but included an additional $40,000 in sanctions against the other parties. Jim Kopeckyand Daryl Schumacher lead the arbitration team.