March 30, 2023 — Maurice Wutscher attorney Brady Hermann was quoted in a recent AdvisorHub article in which he discussed the strategy of financial advisors preemptively seeking a temporary restraining order against their former employers and how that could potentially backfire.
“It could potentially open an advisor to counter claims that may not have been brought in the absence of the lawsuit, as well as the potential to pay significantly more in legal fees defending against those claims or potentially defending yourself in parallel litigation in another court,” Mr. Hermann said.
Brady Hermann is senior counsel in the Boston and New York offices of Maurice Wutscher LLP. He regularly represents financial services companies including banks, broker-dealers, financial advisors, financial asset buyers and third party debt collectors in individual, class action and regulatory matters. He has successfully represented clients throughout the country against claims for violations of securities laws, the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, the Fair Credit Reporting Act, and various state consumer protection statutes.