Lisa Palmeri v. Hilltop Securities, Incorporated, et al.

CourtDistrict Court, D. New Jersey
DecidedFebruary 11, 2026
Docket3:22-cv-05588
StatusUnknown

This text of Lisa Palmeri v. Hilltop Securities, Incorporated, et al. (Lisa Palmeri v. Hilltop Securities, Incorporated, et al.) is published on Counsel Stack Legal Research, covering District Court, D. New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lisa Palmeri v. Hilltop Securities, Incorporated, et al., (D.N.J. 2026).

Opinion

NOT FOR PUBLICATION

UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY

LISA PALMERI,

Plaintiff, Civil Action No. 22-05588 (ZNQ) (JTQ) v. OPINION HILLTOP SECURITIES, INCORPORATED, et al.,

Defendants.

QURAISHI, District Judge THIS MATTER comes before the Court upon a renewed Motion to Compel Arbitration pursuant to the Federal Arbitration Act, 9 U.S.C. § 9, et seq., and Dismiss Plaintiff’s Second Amended Verified Complaint (“the Motion”) filed by Defendants Hilltop Securities Inc. (“HTS”) and Brad Winges (“Winges”) (collectively, “Defendants”).1 (ECF No. 74.) Plaintiff Lisa Palmeri (“Plaintiff”) filed a brief in opposition (ECF No. 83), and Defendants filed a reply (ECF No. 84). The Court has carefully considered the parties’ submissions and decides the Motion without oral argument pursuant to Federal Rule of Civil Procedure 78 and Local Civil Rule 78.1. For the reasons set forth below, the Court will GRANT the Motion.

1 Defendant Hilltop Holdings does not join this motion. It seeks dismissal of the claims against it because it asserts it is an improper party. (Moving Brief at 29–30, ECF No. 74-1.) I. BACKGROUND AND PROCEDURAL HISTORY A. FACTUAL HISTORY2 Plaintiff is a licensed securities broker who worked for Defendants for nearly thirty years. (Second Am. Ver. Compl. ¶¶ 30–32, ECF No. 54.) Plaintiff was the Managing Director of

Defendants’ Stock Loan Department in Matawan, New Jersey. (Id. ¶ 33.) In her role, Plaintiff managed approximately seventy accounts, ran a profitable stock loan division, and achieved high- income producing accounts. (Id. ¶¶ 33–34.) Throughout her career, Plaintiff never had performance issues nor received any customer complaints about her licensing. (Id. ¶ 35.) In January 2020, Winges became Plaintiff’s supervisor. (Id. ¶ 40.) Shortly thereafter, Winges altered Plaintiff’s compensation. (Id. ¶ 41.) Plaintiff complained about Winges altering her compensation structure, as well as Winges’s poor treatment of her to no avail. (Id. ¶ 42.) Plaintiff alleges that Winges excluded her from meetings, disparaged her performance, ostracized her, and treated male subordinates more favorably. (Id. ¶ 43.) In August 2021, Winges advised Plaintiff that he again intended to alter her compensation.

(Id. ¶ 44.) Plaintiff raised another complaint about Winges. (Id. ¶ 46.) Around that time, Plaintiff then received an email that HTS intended to hire a new stock loan employee—a job description that matched Plaintiff’s—and would offer a referral fee. (Id. ¶ 48.) Plaintiff alleges she was not consulted and inquired as to why. (Id. ¶ 49.) On August 18, 2021, Winges invited Plaintiff to have dinner with him and an another HTS employee. (Id. ¶ 47.) At that dinner, Winges attacked Plaintiff’s performance and criticized her for being a poor manager and failing to grow the business, despite a sixty-two percent increase in Plaintiff’s performance from the prior year. (Id.

2 The Court accepts the factual allegations in Plaintiff’s Second Verified Amended Complaint as true and draws all inferences in the light most favorable to Plaintiff. See Phillips v. County of Allegheny, 515 F.3d 224, 232 (3d Cir. 2008). ¶¶ 50–52.) Plaintiff learned that she was being replaced with a “less qualified, younger male.” (Id. ¶ 53.) Winges demanded that Plaintiff train her replacement through 2022 and to then separate from HTS thereafter. (Id. ¶ 54.) Winges also demanded that Plaintiff return from Florida to work full-time in HTS’s New Jersey Office. (Id.) Should Plaintiff fail to comply with these directives,

Winges threatened to place an adverse mark on Plaintiff’s Form U-4—a required document for certain securities professionals to establish their registration—which Plaintiff alleges he had done to another employee. (Id. ¶¶ 35 n.7, 56–58.) On August 19, 2021, Plaintiff advised HTS of her “forced” resignation, expressing that Winges made inappropriate statements and bullied Plaintiff. (Id. ¶¶ 60–63). Following her written complaint and resignation, HTS failed to remedy the conduct about which Plaintiff complained. (Id. ¶ 65.) B. PROCEDURAL HISTORY Plaintiff filed a Charge of Discrimination to the Equal Employment Opportunity Commission (“EEOC”) based on sex and age on June 10, 2022. (Second Am. Ver. Compl. Ex. 1.) Plaintiff thereafter filed the Complaint in the Superior Court of New Jersey, Law Division,

Monmouth County on August 12, 2022, and Defendants timely removed this action based on diversity jurisdiction under 28 U.S.C. § 1332 on September 16, 2022. (See ECF No. 1.)3 Plaintiff’s Second Amended Verified Complaint asserts causes of action for, inter alia, sex discrimination based on disparate treatment and hostile work environment based on sex discrimination in violation of New Jersey Law Against Discrimination (“NJLAD”), N.J. Stat. Ann. §§ 10:5-1, et seq., and Title VII of the Civil Rights Act of 1964 (“Title VII”), 42 U.S.C. §§ 2000e, et seq. (See generally Second Am. Ver. Compl.)

3 Plaintiff’s initial Verified Complaint did not have any federal claims. (See generally ECF No. 1-1.) On October 7, 2022, Defendants filed a Motion to Compel Arbitration. (ECF No. 5.) Plaintiff filed an opposition, (ECF No. 10), and Defendants filed a reply, (ECF No. 13). On November 28, 2022, the Court denied the Motion to Compel Arbitration without prejudice and directed the parties to conduct limited discovery because Plaintiff put the arbitration agreement’s

validity squarely at issue. See Palmeri v. Hilltop Secs., Inc., Civ. No. 22-5588, 2023 WL 4897048, at *3 (D.N.J. Aug. 1, 2023). The Court entered an Order confining that discovery to: (1) when Plaintiff signed the arbitration agreement at issue; (2) the circumstances surrounding contract formation; (3) whether Plaintiff executed any other prior agreements with arbitration provisions and the attendant circumstances surrounding the execution of those contracts; (4) and the basis for Plaintiff’s allegations of fraud in the inducement or bad faith. (See ECF No. 23.) Upon completion of that limited discovery, Defendants filed this renewed Motion to Compel Arbitration on July 18, 2025. (ECF No. 74.) C. THE ARBITRATION AGREEMENT The Dispute Resolution and Arbitration Agreement (“DRAA”) at issue states, in relevant

part: Any and all Covered Disputes (defined below) with [HTS] . . . shall first be addressed through good faith negotiation. If the Covered Dispute cannot be settled through negotiation, you and the company waive your respective right to a trial by jury or before a judge in a court of law and agree that the Covered Dispute will be resolved exclusively through final and binding arbitration in accordance with the terms, conditions and procedures of this [DRAA] and the Financial Industry Regulatory Authority (“FINRA”) Code of Arbitration Procedure . . . .

(Fleming Dec. Ex. 1, ECF No. 74-3 at 8.)

A “Covered Dispute” includes, among other things, “claims related to, or arising out of, the employment relationship,” “an allegation that any adverse employment action was based on discrimination or harassment because of your . . . gender . . . [and] age, . . . arising under any federal, state, or municipal statute or regulation (such as, for example . . . the [NJLAD] and [CEPA]),” “an allegation that you were constructively discharged, wrongfully terminated, or retaliated against for engaging in protected activity,” and “Covered Disputes you have against the

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