Stark & Stark Shareholder Comments on Smith Barney Raiding Case
Thomas B. Lewis, Chair of Stark & Stark’s Employment Group, was quoted in the May 5, 2010 Dow Jones article, Finra Panel Throws Out Smith Barney Raiding Case. The article discusses the recent decision by the Financial Industry Regulatory Authority arbitration panel to throw out a case in which Smith Barney alleged raiding by a group of top-producing brokers and a boutique wealth management firm.
Mr. Lewis states that the order stating that Smith Barney will have to pay for hearing fees sends a message to both parties that the claims never should have been brought. “Hearing fees are traditionally split between the parties,” he says.
You can read the full article online here.
