NJ High Court To Hear Investors' Fraud Arbitration Challenge

Law360, New York (October 10, 2012, 4:57 PM EDT) -- Taking up a fraud lawsuit brought by purchasers of defaulted securities against their financial services and accounting firms, the New Jersey Supreme Court will decide whether such plaintiffs can be forced into arbitration with parties with whom they don't have an arbitration agreement.

In a decision posted Wednesday, the state's highest court granted certification in the case of Hirsch v. Amper Financial Services LLC et al., in which the plaintiffs are fighting a trial court order to arbitrate the case despite the absence of an arbitration...
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