Court Grants Former Advisor Temporary Protection in Legal Battle Against Hightower Holdings
From the desk of Jim Eccleston at Eccleston Law
In a legal battle between a former advisor and Hightower Holdings, a Washington state court has issued a temporary restraining order (TRO) against the Chicago-based firm. AdvisorHub reports that the TRO prohibits Hightower from disparaging remarks about Lars Knudsen to clients or disclosing details of his departure except to regulatory bodies.
Hightower had terminated Knudsen purportedly because of his financial misconduct and policy violations, as stated in his BrokerCheck profile. Hightower seeks an injunction against Knudsen, enforcing the terms of a sale agreement, and restraining him from contacting the firm's employees and clients.
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