Palmer, Lombardi & Donohue LLP Obtains Court of Appeals Decision Affirming Arbitration Award for J.P. Morgan Securities, LLC

Palmer, Lombardi & Donohue LLP represented J.P. Morgan Securities, LLC (JPMS), in an appeal that challenged a Financial Industry Regulatory Authority (FINRA) arbitration award.  The appellant Vivine Wang, appealed the District Court’s interpretation of the JPMS Customer Agreement as to the recovery by JPMS of a $3 million dollar debit balance and its reasonable legal costs and expenses.  On October 31, 2011 the Ninth Circuit Court of Appeals ruled that the arbitration “was proper under the terms of the Customer Agreement,” and affirmed the FINRA arbitration award in JPMS’ favor.