Towry case against Raymond James advisers pushed back

Towry’s court case against six former advisers it is accusing of soliciting clients has been put back to June 2011.

The firm’s injunction against the Raymond James advisers, who used to work at Edward Jones which was bought by Towry in October 2009, remains in place until the hearing.

The hearing was originally planned for this month.

Towry is alleging that the advisers and Raymond James solicited customers and is accusing them of a conspiracy to injure Edward Jones Limited.

A statement from Raymond James Investment Services says the advisers continue to maintain that they have not breached their contracts.

It says: “Due to the availability of court time and the respective legal representatives, the trial of the previously reported court case involving Towry, Raymond James and ex-Edward Jones advisers has been put back to June 2011.

“The injunction, requiring the ex-Edward Jones advisers to abide by their previous contracts and which was mutually agreed between all parties, remains in place. The advisers have always maintained, and continue to maintain, that they have abided by their contracts with Edward Jones and look forward to demonstrating this in due course.  In the meantime they continue to work in the best interests of their clients at Raymond James.”