Judith Mione (Left) Holds 1997 NOW "Woman of Courage Award." Pam Martens, Editor of Wall Street On Parade, Right.
April 16, 2012
An event honoring Judy Mione, Wall Street veteran and activist for women’s equality in the male dominated field of securities trading will be hosted by her daughter, Lynn Mione, on April 23 on Long Island, New York.
Judy Mione, who died last year following a long battle with breast cancer, was a lead plaintiff in the high profile Federal lawsuit against the New York Stock Exchange, National Association of Securities Dealers and the retail brokerage firm, Smith Barney. The suit forced out of the shadows Wall Street’s private justice system known as mandatory arbitration and its pivotal role in keeping Wall Street’s misdeeds hidden from public view in open courtrooms. (Both the New York Stock Exchange and the National Association of Securities Dealers were successful in removing themselves as parties to the suit.)
The lawsuit became infamously known as the “Boom Boom Room” case following media saturation revealing that Smith Barney had set up a frat house style drinking room in the basement of one of its brokerage offices which the branch manager dubbed the “Boom Boom Room.”
Mione refused to take part in the settlement of the lawsuit (as did the Editor of this web site, Pam Martens) when it richly rewarded the plaintiffs’ lawyers but called for more private justice systems for claimants in the settlement. The five year legal battle was the focus of an award winning book by Susan Antilla, “Tales from the Boom Boom Room.” Judy Mione was honored by the National Organization for Women (NOW) in 1997 and presented with a “Woman of Courage” award.
The event will be held at The Vine Bar, owned by Judy Mione’s daughter, Lynn, from 6 to 8 p.m. on Monday, April 23. The Vine Bar is located at 2259 Merrick Road in Merrick, Long Island, New York.
A donation to the St. Jude Children’s Research Hospital will result from the event. Admission is $40 per person and includes hors d’oeuvres and wine. For more information, call (516) 812-7883.
