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Jesup & Lamont Securities Corp. Files Amended Lawsuit Against Penson Financial Services.

Publication: PR Newswire
Publication Date: 26-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LONGWOOD, Fla., March 26 /PRNewswire-FirstCall/ -- Jesup & Lamont Securities Corp. (Jesup), a wholly owned subsidiary of Jesup and Lamont, Inc. (NYSE Alternext: JLI), has filed a petition to amend a lawsuit recently brought against Penson Financial Services, Inc. (Penson), in Texas state court. Jesup is seeking compensatory and punitive damages against Penson for common law fraud and breach of an agreement previously reached in open court. The agreement obligated Penson to move customer accounts...

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