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Stark & Stark Shareholder Comments on J.P. Morgan Suit Against Former Adviser

By Stark & Stark

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Thomas B. Lewis, Chair of Stark & Stark's Employment Group, was quoted in the August 17, 2010 article, J.P. Morgan sues former adviser. The article discusses J.P. Morgan Chase & Co's recent decision to sue a former financial adviser who defected to Morgan Stanley Smith Barney. Since leaving, Michael Lupia has already transferred $30 million of client assets.
 

Mr. Lewis states that while Morgan Stanley is a signatory to Protocol for Broker Recruiting (which allows advisers to take basic client contact information when they change firms without fear of being sued) because JPMorgan is not, they are free to sue advisers and firms in these situations.

Full post as published by New Jersey Law Blog on August 17, 2010 (boomark / email).

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