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

Mariner Wealth Advisors Request Temporary Halt to Edelman's Poaching and Defamation Lawsuit

Posted on December 15th, 2023 at 2:23 PM
Mariner Wealth Advisors Request Temporary Halt to Edelman's Poaching and Defamation Lawsuit

From the desk of Jim Eccleston at Eccleston Law 

Mariner Wealth Advisors has sought a court order to temporarily halt a lawsuit filed by Edelman Financial Engines, alleging that Mariner poached advisors and misappropriated trade secrets.

Mariner argues that Edelman already has similar issues pending in arbitration cases and another lawsuit against the advisors named in the suit against Mariner. Financial Advisor News contends that pausing the lawsuit would promote judicial economy and prevent potentially inconsistent results.

In its suit, Edelman accuses Mariner of damaging its reputation, poaching advisors, and running Edelman out of business. Mariner counters that the advisors joined the firm willingly and separately over the past three years. Mariner asserts that Edelman's accusations are baseless and part of an unlawful campaign to stifle competition in the industry.

 

Eccleston Law 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

1784134373 Law
July 15, 2026
LPL Financial Faces Class Action Over Phoenix Annuity Disclosures

LPL Financial faces a proposed class action lawsuit alleging that the firm failed to warn annuity investors about the declining financial condition of Phoenix PHL Variable Insurance Company.

1784046159 Law
July 14, 2026
Mariner Wealth Advisors Reports Data Breach Affecting Nearly 9,000 Customers

Mariner Wealth Advisors LLC disclosed a data breach that exposed personal information of 8,995 customers, according to AdvisorHub.

1783957061 Law
July 13, 2026
FINRA Warns of Growing Risks From Finfluencers and AI-Driven Investment Content

Financial Industry Regulatory Authority (FINRA) regulators are raising concerns about the increasing influence of social media personalities and artificial intelligence (AI) on retail investors, particularly those managing their own investments without professional guidance.