Spector Gadon, Brokerage Debate Harm In Closing Arguments

Law360, Philadelphia (September 19, 2012, 9:31 PM EDT) -- Attorneys for Spector Gadon & Rosen PC and Southwest Securities squared off in front of a federal jury over whether a broker's alleged misrepresentations directly harmed the Philadelphia law firm, as arguments concluded Wednesday in the firm's million-dollar suit against the brokerage.

In the seventh day of a trial over whether Southwest broker Leighton Stallones lied about the value of accounts held by now-bankrupt real estate developer Stephen Jemal, attorneys for the firm argued that they relied on Stallones’ avowals in making the decision to extend...
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