Opinion
Civil Action 21-4786
03-28-2022
WILLIAM A. NEEDLE, et al. Plaintiffs v. T ROWE PRICE GROUP INC., et al. Defendants
ORDER
NITZA I. QUIÑONES ALEJANDRO JUDGE
AND NOW, this 28th day of March 2022, upon consideration of the motion for preliminary injunction enjoining arbitration filed by Defendants T. Rowe Price Associates, Inc., T. Rowe Price Group, Inc., and T. Rowe Price Investment Services, Inc. (collectively, “T. Rowe Price”), [ECF 31], the response in opposition filed by Plaintiffs Michael R. Needle and William A. Needle (collectively, “Plaintiffs”), [ECF 45], and the reply filed by T. Rowe Price, [ECF 53], and for the reasons set forth in the accompanying Memorandum Opinion, it is hereby ORDERED that the motion is GRANTED. Accordingly, Plaintiffs are hereby ENJOINED from proceeding with the arbitration proceedings pending before the Financial Industry Regulatory Authority and/or from filing any further arbitration pending the resolution of the issue of arbitrability in this matter.