Defendant UBS Securities LLC Wins Motion to Dismiss in FINRA Arbitration
12.03.14
This is only gets display when printing
A FINRA Arbitration Panel has unanimously granted UBS Securities LLC’s motion to dismiss claimant Mississippi Baptist Health Systems, Inc.’s Statement of Claim as ineligible for submission to arbitration pursuant to FINRA’s six-year eligibility rule. In its November 18 public award, the Panel held that all of the allegations at issue were grounded in transactions related to claimant’s 2007 issuance of auction rate securities, making the claims ineligible under FINRA’s Rule 12206.
The Simpson Thacher team representing UBS includes Jonathan K. Youngwood, Jonathan T. Menitove, Nicholas J. Barker, Jeffrey L. Ding, Deborah M. Frankel, and Adam C. Pullano.