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What will be the primary legal outcome of the Ameriprise vs LPL Financial lawsuit by the end of 2024?
3
Resolution / Starting Odds
Violation of trade secrets • 25%
Violation of client data handling • 25%
Both violations • 25%
No violations found • 25%
Publicly available court records and official press releases from either company
Story
Ameriprise Sues LPL Financial Over Alleged Misappropriation of Client Data on July 30, 2024
Jul 30, 2024, 07:11 PM
On July 30, 2024, Ameriprise Financial filed a lawsuit in a U.S. district court against LPL Financial, alleging that LPL improperly handled and misappropriated client data and trade secrets during advisor transitions. Ameriprise claims that LPL harvested and misused confidential client information, violating legal, regulatory, and industry obligations.
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