Joe Anthony and Steve Phillips represented a financial advisor whose employment was terminated months before his contemplated retirement.
The former employer sued to recover from Anthony Ostlund’s client over $2 million in “forgivable loan” proceeds. On behalf of the financial advisor, Anthony Ostlund counterclaimed for wrongful termination. Following a week-long hearing, a panel of FINRA arbitrators denied the former employer’s claim in its entirety and awarded Anthony Ostlund’s client almost $1.2 million.
