8th Circ. Revives Individual Claims Against Stifel Brokers

Law360, New York (August 6, 2012, 4:22 PM EDT) -- The Eighth Circuit on Monday issued a mixed ruling that revived individual claims against Stifel Nicolaus & Co. Inc. and two brokers regarding one broker's alleged mismanagement of clients' investment accounts, saying individual claims may not be automatically tossed when class claims are deemed insufficient.

In a published opinion, a three-judge panel said the U.S. District Court for the Eastern District of Missouri erred in throwing out individual claims along with class claims in December 2010, when it refused to consider individual allegations against the St....
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