Linda (Lin) Deola

Lin has extensive experience in the practice of securities law particularly securities arbitration. She is a former Staff Attorney for the Chicago District of (FINRA), Arbitration Department; a former Staff Attorney for the Montana Securities Department; and currently serves as an Arbitrator for FINRA. She also taught Securities Law as an Adjunct Professor at the University of Montana. Lin also serves on the Board of Directors for the Archie Bray Foundation for the Ceramic Arts.

Practice Areas

  • Securities arbitration and litigation
  • Securities private placement memoranda
  • Employment litigation
  • Medical malpractice litigation
  • Personal injury


  • Illinois State University, B.S. 1980
  • California Western School of Law, J.D. 1983
  • Author International Law Journal, 1980

Bar Admissions

  • State of Minnesota, 1983
    • U.S. District Court, District of Minnesota
    • U.S. Court of Appeals Eighth Circuit
  • State of Illinois, 1985
  • State of Montana, 1991
    • U.S. District Court, District of Montana
    • U.S. Court of Appeals, Ninth Circuit


  • American Association for Justice (AAJ)
  • State Bar of Montana
  • Montana Trial Lawyers Association (MTLA)
  • Public Investors Arbitration Bar Association (PIABA)

Selected Cases

Redding v. Janiak, et al., 2012 MT 144, 365 Mont. 316.
In this securities case, the Montana Supreme Court granted Supervisory Control and reversed the lower court’s ruling.  The Supreme Court held that the TIC investments purchased by Ms. Redding in 2004 were securities under the Montana Securities Act at the time of sale.  This ruling favorably impacted many other Montana investors.

Norris v. Fritz, 2012 MT 27, 364 Mont. 63, 270 P.3d 79.
In this medical malpractice case, the Montana Supreme Court reversed the lower court’s multiple evidentiary rulings made during a three week long jury trial.  The Montana Supreme Court concluded that the district court judge abused her discretion and unfairly prejudiced the Norris Plaintiffs.  The Montana Supreme Court ordered a new trial.

Wrigg v. JCCS, 2011 MT 290, 362 Mont. 496, 265 P.3d 646. 
This employment case was a case of first impression.  The Montana Supreme Court, reversing the lower court’s ruling, held that a Covenant Not to Compete could not be enforced when an employer had no good cause to terminate the employment relationship.

Aguirre v. Piper Jaffray & Co., FINRA Arbitration Case No. 06-03854 (2007)
(Securities, Employment) $565,000.00 unanimously awarded by the Panel.

Howe v. Wachovia Securities, L.L.C., NASD Arbitration No. 04-04336 (2005)
(Securities churning), unanimous award in favor of the investor.

Walker v. Salomon Smith Barney, FINRA Arbitration No. 01-02198 (2001)
(Securities, Employment), $1,800,000.00 unanimously awarded by the Panel, including $300,000.00 in punitive damages.

Strom v. Logan, 304 Mont. 176, 18 P.3d 1024 (2001)
(General Litigation, failure to disclose real estate defects), decision upheld by the Montana Supreme Court.

Griffin v. State of Montana and Fred Lemons, Montana State Court, Cause No. DV-99-31 (2000)
(Personal Injury, State of Montana and correction’s counselor’s failure to supervise parolee)

FSC Sec. Corp. v. Freel, 14 F.3d 1310 (8th Cir. 1994)
(Securities), established FINRA eligibility rule in the 8th circuit.