Sadis Wins FINRA Arbitration Award of Over $956,000 Against Interactive Brokers

NEW YORK, March 19, 2019 /PRNewswire/ -- Sadis & Goldberg won a two-week FINRA arbitration against Interactive Brokers LLC ("IB"), on behalf of two Dubai-based commodities firms. The FINRA Panel awarded Sadis's clients over $956,000 in damages and prejudgment interest. 

The FINRA Panel was so convinced by the merits of Sadis's legal position that it took the extra step of requiring IB to pay 100% of the FINRA hearing fees.  Sadis persuaded the Panel that IB was at fault for incorrectly processing a corporate action.  

Sadis has now won two of the three largest FINRA Arbitration Awards against Interactive Brokers.  Sadis has also won the largest FINRA Award ever against IB. 

Sam Lieberman led Sadis's arbitration team, which included Ben Hutman.  Should you have any questions about the case or need counsel in any securities arbitration or litigation, please contact Mr. Lieberman at [email protected].

See a copy of the Award here: https://www.finra.org/sites/default/files/aao_documents/17-02914.pdf

About Sadis & Goldberg LLP Sadis & Goldberg LLP is a leading New York based law firm focused on delivering sophisticated and creative legal solutions in a highly professional manner.  The firm is recognized for its financial services practice that consists of representing several hundred investment advisers and related investment entities (including hedge funds, private equity funds and venture capital funds).  Similarly, the firm provides regulatory and compliance advice and representation in connection with SEC enforcement proceedings.  Notwithstanding the emphasis on the financial services industry, the firm also provides a full range of tax, litigation, regulatory, real estate, intellectual property and corporate services to its clients.

For additional information:  www.sadis.com.  

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SOURCE Sadis & Goldberg LLP