Financial Adviser Wins To Take Bear Stearns To Court

Law360, New York (April 7, 2008, 12:00 AM EDT) -- An investment advisory firm has gotten the go-ahead to take Bear Stearns & Co. to trial after an appeals court overturned an order compelling the parties to arbitrate the firm's claims of negligence and fraud.

The U.S. Court of Appeals for the Eleventh Circuit sided with Magnolia Capital Advisors Inc. in a decision handed down Thursday. The court said the firm had never signed up for arbitration and had a right, under the Federal Arbitration Act, to take the matter to court for a bench trial....
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