Seeking to avoid the "embarrassment," "annoyance" and "expense" of a lawsuit, the CFP Board is asking a federal judge to quash most requests for documents and depositions from two planners who are suing the organization.
In trying to rein in the scope of a possible trial, the board also contends that its treatment of other advisors - including those it allowed to misrepresent themselves on its website as receiving fee-only compensation - is irrelevant to a suit filed in June in Washington by Jeffrey and Kimberly Camarda of Fleming Island, Fla.
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