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Securities
Breach of Contract
Unfair Business Practices

Sharyl J. Lee, individually and as sole member of NNN One Chesterfield Place 36 LLC and NNN St Charles 5 LLC v. Centaurus Financial Inc.

Published: Apr. 27, 2013 | Result Date: Apr. 9, 2013 | Filing Date: Jan. 1, 1900 |

Case number: 11-03229 Arbitration –  Expungement

Court

FINRA


Attorneys

Claimant

Kalju Nekvasil


Respondent

Elizabeth A. Lowery
(Freeman, Mathis & Gary LLP)


Facts

Sharyl Lee, individually and as sole member of NNN One Chesterfield Place 36 LLC and NNN St Charles 5 LLC filed a complaint against Centaurus Financial Inc. alleging violation of Federal California Securities Laws; California unfair, unlawful, and fraudulent business practices; breach of contract; common law fraud; breach of fiduciary duty; and negligence and gross negligence related to claimants' purchase of tenant in common investments.

Damages

Claimants sought at least $824,000 in damages and other damages including interest, attorney fees and costs and punitive damages.

Result

The parties agreed to a settlement and the FINRA Panel thereafter recommended the expungement of Fera Shivaee's records.


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