Tr?id=566623520170033&ev=PageView&noscript=1

Ä¢¹½´«Ã½

Judge Directs RIA's Poaching Suit Against Cambridge to Arbitration

Posted on August 7th, 2023 at 1:37 PM
Judge Directs RIA's Poaching Suit Against Cambridge to Arbitration

From the desk of Jim Eccleston at Ä¢¹½´«Ã½ 

A Virginia federal judge recently dismissed a complaint filed by a registered investment advisor (RIA), Colonial River Ä¢¹½´«Ã½alth Advisors, against broker-dealer Cambridge Investment Research, in favor of arbitration to resolve the dispute.

The lawsuit, filed on November 10, 2022, in the U.S. District Court for the Eastern District of Virginia in Richmond, accused the broker-dealer of assisting advisor Jayne W. Di Vincenzo, also a defendant in the suit, in soliciting her clients from Colonial River after she sold her business.

The plaintiff claimed damages of at least $8 million, accusing Cambridge Investment and Di Vincenzo of tortious interference with contract and tortious interference with business expectancy. The RIA further alleged that Cambridge and Di Vincenzo engaged in business conspiracy and common-law civil conspiracy and that Di Vincenzo breached her contract.

However, according to ThinkAdvisor, Judge Roderick C. Young granted the defendants’ motion to dismiss the claims due to a lack of subject matter jurisdiction. Judge Young ordered the parties to resolve the dispute through arbitration, stating that the matter falls under a binding arbitration clause, as mentioned in the opinion.

 

Ä¢¹½´«Ã½ LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

 

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

This was the best of all possible outcomes and I cannot thank you and the team enough.

Michael S.

LATEST NEWS AND ARTICLES

1787070589 Law
August 18, 2026
Senior Protection Case Study: Edward Jones and Senior Investor Safeguards

A recent incident involving Edward Jones illustrates how challenging it may be to employ safeguards for protecting older clients from financial exploitation.

1786980584 Law
August 17, 2026
Federal Judge Allows Investor Class Action Over Lightstone REIT Disclosures to Proceed

A federal judge has allowed investors to proceed with a class-action lawsuit alleging that directors and advisors of three Lightstone Value Plus REITs failed to disclose a significant conflict of interest before shareholders voted on amendments extending the funds' operating periods.

1786734880 Law
August 14, 2026
Cash Sweep Litigation Continues to Drive Legal Costs

Cash sweep litigation continues to increase legal costs for wealth management firms despite the Securities and Exchange Commission's (SEC) decision under the Trump administration to close pending investigations without imposing enforcement penalties, according to AdvisorHub.