A federal judge has upheld a $22 million award to 32 retirees of Exxon Mobil Corp. in Baton Rouge who claimed an investment firm needlessly risked their money with questionable investments.
Securities America Inc. and financial planner David McFadden of Baton Rouge have until Nov. 1 to ask the U.S. 5th Circuit Court of Appeals to set aside the award issued by an arbitration panel, said Jim Swanson, an attorney representing the retirees.
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