NJ High Court Limits Right To Compel Arbitration

Law360, New York (August 7, 2013, 4:26 PM EDT) -- Ruling for investors who sued financial and accounting firms over an alleged Ponzi scheme, the New Jersey Supreme Court said Wednesday that intertwined parties and claims aren't enough to force arbitration among entities that never agreed to resolve their disputes in that manner.

The justices overturned trial court and Appellate Division rulings that Michael and Robyn Hirsch and Hirsch LLP had to arbitrate their claims against Amper Financial Services LLC and accountant EisnerAmper LLP because of agreements with broker-dealer Securities America Inc. The appellate court had...
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