Oppenheimer Can't Make Deutsche Parent Arbitrate ARS

Law360, New York (March 4, 2010, 2:55 PM EST) -- A federal judge has denied Oppenheimer & Co. Inc.'s bid to force Deutsche Bank AG into arbitration before the Financial Industry Regulatory Authority as US Airways seeks to force the investment firm to buy back some $250 million in auction rate securities.

Judge's Loretta A. Preska's ruling, issued Tuesday in the U.S. District Court for the Southern District of New York, rejected Oppenheimer's argument that the Frankfurt-based banking giant is simply an alter ego of FINRA member Deutsche Bank Securities Inc., based in New York, which...
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