Willkie Made Client Scapegoat In FINRA Probe, Suit Says

Law360, New York (February 19, 2013, 2:37 PM EST) -- A former Ramius Securities LLC manager sued Willkie Farr & Gallagher LLP in New York state court on Friday, alleging the law firm disclosed privileged attorney-client communications to make him the fall guy in a Financial Industry Regulatory Authority investigation of the broker-dealer.

Dennis T. Palmeri said Willkie allowed the disclosure of privileged communications and permitted testimony to support FINRA’s position that he had impermissibly used stock finders while working as a manager in Ramius’ now-defunct stock lending securities department.

The firm did so to protect...
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