Insurance Co. Granted Request For NASD Arbitration

Law360, New York (January 24, 2007, 12:00 AM EST) -- A Pennsylvania insurance company has won a small victory in a securities and wrongful-termination case filed against the firm after a judge ruled that the company has the right to compel arbitration before the National Association of Securities Dealers.

Philadelphia-based MONY Life Insurance Co. had filed a motion in the U.S. District Court for the Eastern District of Pennsylvania arguing that the claims brought by plaintiffs Michael E. Marciano and Joseph Marciano fall within the scope of a securities industry arbitration agreement.

The Marcianos had both...
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