Fla. High Court Says Arbitrations Can Be Time-Barred

Law360, Miami (May 16, 2013, 7:13 PM EDT) -- The Florida Supreme Court on Thursday ruled that arbitration proceedings are subject to the state's statute of limitations, and said that investor arbitration claims against Raymond James Financial Services Inc. are barred under the state law.

The state high court reversed an appeals court ruling in favor of a group of investors who claim a branch manager of the financial services company invested their money in high-risk equities that were inconsistent with their investment objectives.

The high court said arbitration proceedings fall under the “civil action...
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