Byline: Bruce Kelly
NEW YORK - A ruling by the Florida Supreme Court in February may give an advantage in odd or rare cases to plaintiffs' attorneys and their clients in disputes with broker-dealers.
The Florida justices unanimously upheld a 2003 ruling by Florida's 2nd District Court of Appeals that Raymond James Financial Services Inc. of St. Petersburg had waived its right to the process of securities arbitration in its continuing dispute against Steven W. Saldukas and Stesal Investments LLC.
The case has bounced around a bit. In the original New York Stock Exchange arbitration claim filed in 2002, Mr. Saldukas alleged a failure to supervise as well as ...