Judge Dismisses Lerner Class-Action, FINRA Arbitration Still Awaits
Last week, U.S. District Judge Kiyo Matsumoto dismissed a class action lawsuit against David Lerner. According to a spokesman for Lerner, the federal court dismissed all of the class action’s federal securities law claims as well as the state law claims against David Lerner Associates, with prejudice. The dismissed suit alleged that Lerner’s sale of…
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