Friday, July 15, 2016

LAW 360: AXA Beats Broker's $20M Contract Beef With Quick Verdict

AXA Beats Broker's $20M Contract Beef With Quick Verdict

Law360, New York (July 14, 2016, 6:20 PM ET) -- A seven-member civil jury needed just over an hour Thursday to reject broker Steven S. Novick's breach of contract suit against two AXA units, finding the financial giant breached no agreements with the Connecticut money man when it fired him for hawking unapproved investments then reached out to some of his clients.

Members of the four-man, three-woman federal panel had no comment after their lightning-fast rejection of claims by Novick, now affiliated with Purshe Kaplan Sterling Investments and with Charles Schwab Corp.

Law360 link
Plaintiff Steven Novick's counsel, Michael S. Finkelstein, giving closing statement,
Steven Novick seated to Finkelstein's right looking at jury. Judge Alvin Hellerstien presiding. Artwork by Elizabeth Williams

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