Ameriprise has enjoyed some success in previous recruiting lawsuits filed against LPL. Ameriprise filed suit in July alleging LPL had engaged in "widespread pattern and practice of harvesting and misappropriating Ameriprise's private, confidential client information and trade secrets … in connection with its unfair competition within the financial industry." The two firms agreed in December to bring in a third party to preserve evidence in the dispute pending a resolution by a FINRA arbitration panel.