Litigation

The IBD network’s parent repurchased the majority of Dr. Phillip Frost’s shares just before the SEC filed proposed settlements of its pump-and-dump case.

A months-long court fight ended when a judge granted the wirehouse’s request to restrict the advisors’ ability to contact clients.

The firm alleges the advisors violated a non-solicitation contract, which they have denied doing.

Brokerage firms have been filing more lawsuits against former employees over alleged violations of non-solicitation agreements.

It’s the second big loss for Credit Suisse, which is fending off dozens of claims from former brokers claiming their compensation was withheld.

To sway a federal judge, both sides have tried to bolster their arguments by pointing to Facebook, joint production agreements, news articles and more.

The ruling bolsters firm’s bid to push employees into private arbitration system. The advisor intends to appeal.

The developing spat pits two RIA titans and former business partners against one another.

A lawsuit filed by an ex-client was granted class action status after the firm failed to keep the dispute out of court.

Researchers from top business schools studied arbitrator selection, as shown in nearly 9,000 cases filed by clients over a 27-year span.

For advisors that make a claim of misconduct the deck appears stacked in favor of the employers.

A petition to vacate the award was denied by a federal judge.

The relationship disintegrated because of a dispute about where to best place client trades.

It’s at least the fifth time this year that the bank is suing a former advisor for allegedly violating a non-solicitation agreement.

A former employee suing the firm for racial discrimination says he was not properly notified of changes in how Morgan resolves disputes.

The firm had sued a former $660 million team that moved in September to Stifel.

The bank’s effort to show that the advisors violated non-solicitation agreements was “far from persuasive, never mind conclusive,” the judge ruled.

The advisors also reject the wirehouse’s claims they violated non-solicitation agreements.

The firm claims it is also missing important documents related to a large institutional client.

The advisors say they violated no contracts and took no confidential client information when they resigned from the bank.