New Orleans Attorneys

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Award to the Elders
A securities-industry arbitration panel has awarded $22 million to a group of Exxon Mobil Corp. retirees who accused brokerage firm Securities America Inc. The $22 million award includes some $11.6 million in compensatory damages, $3.5 million in punitive damages and $4.7 million in attorneys' fees, and is said by experts to be one of the largest of its kind ever levied against a brokerage firm. According to New Orleans attorneys representing the employees. The employees put their faith in this securities company and their broker, Joseph Peiffer, a New Orleans attorney who represented them, said in a statement issued late Wednesday. While the alleged...

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