Mariner Wealth Advisors Request Temporary Halt to Edelman's Poaching and Defamation Lawsuit

Posted on December 15th, 2023 at 2:23 PM
Mariner Wealth Advisors Request Temporary Halt to Edelman's Poaching and Defamation Lawsuit

From the desk of Jim Eccleston at Eccleston Law 

Mariner Wealth Advisors has sought a court order to temporarily halt a lawsuit filed by Edelman Financial Engines, alleging that Mariner poached advisors and misappropriated trade secrets.

Mariner argues that Edelman already has similar issues pending in arbitration cases and another lawsuit against the advisors named in the suit against Mariner. Financial Advisor News contends that pausing the lawsuit would promote judicial economy and prevent potentially inconsistent results.

In its suit, Edelman accuses Mariner of damaging its reputation, poaching advisors, and running Edelman out of business. Mariner counters that the advisors joined the firm willingly and separately over the past three years. Mariner asserts that Edelman's accusations are baseless and part of an unlawful campaign to stifle competition in the industry.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

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