The Financial Industry Regulatory Authority isn’t taking kindly to Charles Schwab & Co.’s efforts to get San Francisco U.S. Magistrate Judge Elizabeth Laporte to bless provisions requiring customers of the brokerage to sign class action waivers. In a full-throated 18-page motion filed Tuesday, FINRA’s lawyers at Gibson, Dunn & Crutcher urged Laporte to dismiss Schwab’s suit against the securities industry’s self-regulatory agency. (Gibson, Dunn fighting against class action waivers? That certainly made us do a double take.)

“Nowhere in the complaint does Schwab identify the legal basis for its claim,” wrote Gibson’s Ethan Dettmer in FINRA’s motion to dismiss.

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