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Home / Courts / 4th Circuit / Contract – Arbitration – FINRA – Municipal Bond ‘Customer’ (access required)

Contract – Arbitration – FINRA – Municipal Bond ‘Customer’ (access required)

UBS Financial Services Inc. v. Carilion Clinic A Virginia healthcare company is a “customer” of the financial services companies it hired to structure its municipal bond offering, and it is entitled to FINRA arbitration of its claims that it was fraudulently induced to issue over $234 million in auction-rate municipal bonds; the 4th Circuit upholds the order allowing arbitration to go forward.

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