John Shishko Revocable Trust, Robert Shishko Trust, Robert Shishko, Deborah Shishko v. Citigroup Global Markets Inc., Morgan Stanley Smith Barney LLC, Elliott Bruce Moskowitz
Published: Jan. 25, 2014 | Result Date: Jan. 6, 2014 | Filing Date: Jan. 1, 1900 |Case number: 12-00951 Arbitration – Expungement
Facts
The John Shishko Revocable Trust filed for arbitration against Citigroup Global Markets Inc., Morgan Stanley Smith Barney LLC, and Elliot Moskowitz.
Contentions
PLAINTIFF'S CONTENTIONS:
The claimants asserted causes of action for negligence, breach of fiduciary duty, and failure to supervise. The causes of action related to the donation of claimants' trust funds to the University of North Carolina Washington.
DEFENDANT'S CONTENTIONS:
The respondents denied the claimants' allegations and asserted various affirmative defenses.
Damages
The claimants requested $500,000 in compensatory damages, punitive damages, and attorney fees.
Result
The arbitration panel recommended the expungement of all references to the arbitration matter from Moskowitz's registration records. Otherwise, it found that the claimants' claims were false.
Other Information
ARBITRATORS: Robert J. Ruben, David L. Maislen and Blaine Smith
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