Craig, et al. v. Morgan Keegan
A Barrasso Usdin team persuaded a FINRA arbitration panel to dismiss, with prejudice, all claims against their broker-dealer client. The three-member FINRA panel unanimously rejected claims that the firm’s client committed securities fraud in underwriting and marketing certain closed-end mutual funds that suffered losses in the recent credit crisis. The Barrasso Usdin team consisted of Stephen H. Kupperman and Jamie L. Berger.