The Eighth Circuit Court of Appeals recently held that New Jersey state law fraud claims against Morgan Keegan, the brokerage firm now part of Raymond James & Associates, were tolled by the plaintiffs’ efforts to collect an arbitration award. The Eighth Circuit reasoned that, while the district court correctly held that certain federal and Arkansas state law claims were time-barred, the New Jersey claims were timely and erroneously dismissed.
Zaracor v. Morgan Keegan & Co., Inc., No. 13-3315 (8th Cir. Sept. 1, 2015).