Investor Fails To Bring Arguments In Appeal In Lower Courts, Ameriprise Says

Mealey's (March 30, 2022, 1:54 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should decline review of an Eighth Circuit U.S. Court of Appeals’ ruling overturning a federal district court’s holding denying motions to strike class allegations and to compel arbitration in a securities fraud lawsuit against an investment adviser, Ameriprise Financial Services Inc. and four other Ameriprise’s senior executives because the petitioner failed to raise his certiorari arguments in the lower courts....