6th Circ. Backs Johnston Barton Win In Broker's Suit

Law360, New York (February 27, 2013, 6:22 PM EST) -- Johnston Barton Proctor & Rose LLP saw its victory against a securities broker affirmed by the Sixth Circuit on Wednesday when the appeals court ruled the Alabama-based law firm was not wrong in helping settle an underlying securities dispute involving the broker and his client.

A three-judge panel found that a lower court was right to toss the claims by securities broker Timothy Pagliara, who accused the law firm of reaching a high enough settlement that required him to report it to the Financial Industry Regulatory...
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