Brink v. Raymond James & Associates, Inc.

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Case Number:

0:15-cv-60334

Court:

Florida Southern

Nature of Suit:

Contract: Other

Multi Party Litigation:

Class Action

Judge:

William P. Dimitrouleas

Firms

Companies

Sectors & Industries:

  1. June 12, 2019

    Raymond James To Pay $15M To Settle Hidden-Fee Claims

    Raymond James Financial has agreed to pay $15 million to a certified class of nearly 59,000 customers to settle claims that the Florida-based investment bank and financial services company charged customers unauthorized commissions via a padded “processing fee.”

  2. October 22, 2018

    Clients Win Cert. In Raymond James Secret Commission Suit

    A federal Florida judge on Monday certified a class of nearly 59,000 Raymond James customers in litigation accusing the financial services firm of charging unauthorized commissions via a padded "processing fee," rejecting the company's argument that class members couldn't be ascertained without transaction-by-transaction account reviews.

  3. October 19, 2018

    Customer Seeks Class Approval In Raymond James Fee Suit

    A Florida woman seeking to form a class to pursue claims that Raymond James charged unauthorized and unreasonable commissions via a "processing fee" rebutted the financial services company's arguments that the allegations require intensive individual analysis during a hearing Friday.

  4. October 10, 2018

    Raymond James Can't Ditch Secret Commission Class Action

    A Florida federal judge denied Raymond James' bid to toss a putative class action alleging the financial services company charges unauthorized commissions via a "processing fee," rejecting the company's argument that the payments are unrecoverable because they were made voluntarily. 

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