Eckert Looks To Stay Investment Adviser's Malpractice Suit

Law360 (June 9, 2021, 7:28 PM EDT) -- Eckert Seamans Cherin & Mellott LLC has urged a Pennsylvania state judge to hit the pause button on malpractice claims from an embattled financial adviser as a U.S. Securities and Exchange Commission case over the troubled cash advance business he promoted plays out.

The firm argued that allowing Dean Vagnozzi's malpractice claims to move forward would run afoul of a litigation stay that a federal judge in Florida had entered as part of the SEC case barring any parties in the proceeding from participating in any civil litigation over the cash advance business and its operations.

As a result of the...

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