In a precedent setting case, Russo PLLC successfully prosecuted a motion to compel arbitration for its client against Defendants Cantor Fitzgerald Europe (“CFE”). Justice Barry Ostrager of the New York Supreme Court, Commercial Division, found that CFE, like its sister company Cantor Fitzgerald Investment Advisors, L.P., were bound by the provisions of their corporate dispute resolution policy and the employment agreement which required parties to arbitrate before the Financial Industry Regulatory Authority (“FINRA”). As a result, the London-based entity of Cantor Fitzgerald L.P. will be subject to the jurisdiction of FINRA in New York. To read the decision, click here.
The Appellate Division First Department dismissed CFE’s appeal.