NEXT FINANCIAL GROUP, INC. v. GMS MINE REPAIR AND MAINTENANCE, INC.

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF PENNSYLVANIA NEXT FINANCIAL GROUP, INC., ) Case No. 3:19-cv-168 ) Plaintiff, ) JUDGE KIM R. GIBSON ) v. ) ) GMS MINE REPAIR AND ) MAINTENANCE, INC., ) ) Defendant. ) MEMORANDUM OPINION I. Introduction This case arises from a fraudulent investment scheme perpetrated by Douglas P. Simanski, a former employee of Plaintiff Next Financial Group, Inc., and a subsequent arbitration proceeding with the Financial Industry Regulatory Authority (“FINRA”)! commenced by Defendant GMS Mine Repair and Maintenance, Inc. Pending before the Court…