Murphy & McGonigle Securities Arbitration attorneys Theodore Snyder and Heather Middleton recently secured a victory for client Jefferies in a FINRA arbitration brought by a hedge fund suing for $4.5 million in alleged damages.
The hedge fund’s claims related to Jefferies’ portfolio margin treatment of certain securities. Following 12 days of evidentiary hearings, the panel of three arbitrators unanimously denied all of the claims in their entirety.
“Jefferies chose to vigorously contest these claims from the outset,” said Mr. Snyder. “We are very pleased that the Panel rejected the claims and ruled in our client’s favor.”
In addition to successfully arguing the seminal United States Supreme Court case that established securities arbitration as the primary forum for investor disputes, Murphy & McGonigle’s Securities Arbitration lawyers have represented most of the major investment banks and broker-dealers. The team has arbitrated – through full hearing – hundreds of securities arbitrations throughout the United States involving complex sales practice, trading, banking, employment, operational and other matters, with damage claims as large as one billion dollars.
To see the FINRA Award in this case, click here.