For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Menu
  • Sign In

    • Moshe Shram, Hanna Shram v. IDB Capital Corp.

    Dec. 24, 2010
    Verdicts and settlements
    Sign up for Daily Journal emails
    Securities
    Breach of Fiduciary Duty
    Securities Act of 1933

    Moshe Shram, Hanna Shram v. IDB Capital Corp.

    Published: Dec. 24, 2010 | Result Date: Nov. 18, 2010 | Filing Date: Jan. 1, 1900 |
    Case number: 09-00609 Arbitration –  Defense

    Court

    FINRA


    Attorneys

    Claimant

    Jonathan Schwartz
    (Law Office of Jonathan Schwartz)


    Respondent

    Allan N. Taffet


    Facts

    Claimants Moshe Shram and Hanna Shram filed a complaint against respondent IDB Capital Corp. relating to claimant's purchase of a Lehman Brothers Treasury Reverse Convertible Note on Visa Inc.

    Contentions

    CLAIMANTS' CONTENTIONS:
    Claimants asserted violation of Section 12(a)(2) of the Securities Act of 1933 and violation of Section 25401 of the California Securities Act.

    Damages

    Claimants requested rescission valued at $700,000, pre- and post-judgment interest, filing and hearing fees, and expert witness fees in the amounts of $21,087 and $6,000.

    Result

    Claimants' claims were denied with prejudice and any and all relief not specifically addressed was denied.

    Other Information

    ARBITRATORS: Joseph C. Watson, Barbara M. Zak, Robert B. MacDonald.


    #102327

    For reprint rights or to order a copy of your photo:

    Email jeremy@reprintpros.com for prices.
    Direct dial: 949-702-5390

    By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.