J.P. Morgan Predecessor Settles Employment Claims and Agrees Not to Oppose Broker’s Efforts to: (1) Expunge Customer “Forgery” Complaint from Her Form U-4; and (2) Replace the “Reason for Termination” on Her Form U-5 (plus all forum fees of $14,000 assessed against firm)

Flavia LoCoco v. Washington Mutual Financial Services, Inc. (FINRA Case No. 06-04695)

Following a 17-month arbitration battle which culminated with a four-day FINRA arbitration hearing in Los Angeles before a three-member Panel of arbitrators, J.P. Morgan’s predecessor firm (Washington Mutual Financial Services) settled the Law Offices of Montgomery G. Griffin’s client’s employment claims for, among other things, wrongful termination and defamation.  The financial terms of the monetary provisions in the settlement agreement were confidential. However, thereafter, the Panel issued an Award in favor of our client, a former registered representative with the firm. The Award contained certain findings in favor of the firm’s client and recommended that FINRA remove the customer complaint and reason for termination contained on her then-BrokerCheck CRD report.  J.P. Morgan’s predecessor was represented by international law firm Morgan, Lewis & Bockius throughout the matter.  

(VIEW AWARD)