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Husband of Deceased Raymond James Advisor Gives Up Laptop
Yahoo Financeยท 2025-09-25 18:53
Core Viewpoint - Raymond James has initiated legal action against Pietro Melia, alleging he solicited clients using confidential information from his late wife's company laptop, which he initially refused to return [1][7]. Group 1: Legal Proceedings - Raymond James filed a lawsuit in the U.S. District Court for the Eastern District of Michigan against Pietro Melia for not returning a company laptop and soliciting clients for another firm [1]. - Melia has since returned the laptop and stated in an affidavit that he never accessed it, only turning it on to show that it contained privileged information [2]. - The court dismissed Raymond James' motion for expedited discovery, agreeing with Melia's affidavit that there was no evidence he accessed the laptop [4]. Group 2: Client Solicitation Allegations - The original complaint alleges that Melia used client contact information from the laptop to solicit clients for Wealthcare Management Services, a firm affiliated with LPL Financial [7]. - Raymond James expressed concerns that Melia accessed confidential information, noting that some individuals he solicited had no relationship with his late wife and were not clients of Raymond James [6]. Group 3: Defense Arguments - Melia's opposition to Raymond James' motion argues that the firm has no evidence he accessed the laptop and that he obtained contact information through personal connections [3]. - Melia requested the court to deny Raymond James' request for early discovery and to produce the results of a forensic analysis on the laptop [9].