Judge Jinsook Ohta blocks forensic review in LPL Ameriprise dispute
Updated
Updated · Wealth Management · May 7
Judge Jinsook Ohta blocks forensic review in LPL Ameriprise dispute
5 articles · Updated · Wealth Management · May 7
Ohta said October 6 arbitration hearings made searches of advisers' personal devices unnecessary, while Ameriprise has added 30 advisers to arbitration and later dropped nine.
The ruling removes an earlier requirement for forensic imaging and deletion of disputed client data from advisers' devices, and renders other motions by advisers and LPL moot.
Ameriprise sued LPL in 2024, alleging recruits took client information; separately, LPL told the court it had deleted a spreadsheet and underlying non-customer data tied to the dispute.
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