Linden Pasadena Properties, LLC v. Citigroup Global Markets Inc., Sue Mamer
Published: Dec. 31, 2010 | Result Date: Dec. 2, 2010 | Filing Date: Jan. 1, 1900 |Case number: 09-01102 Arbitration – Respondent
Court
FINRA
Attorneys
Claimant
Respondent
Gordon C. Young
(Barr & Young Attorneys)
Experts
Claimant
Mason Dinehart
(technical)
Respondent
Paul Yenofsky
(technical)
Facts
Claimant alleged misrepresentation and negligence with regard to advice surrounding its investment portfolio and in relation to the purchase of unspecified preferred stocks.
Contentions
RESPONDENTS' CONTENTIONS:
Respondents denied the allegations and asserted various affirmative defenses.
Damages
Claimant requested compensatory damages in the amount of $477,468 and punitive damages in the amount of $1,500,000.
Result
All claims were dismissed with prejudice and the panel recommended that all claims be expunged from respondent Mamer's permanent record.
Other Information
FILING DATE: Feb. 25, 2009. ARBITRATORS: Robert J. Ruben, Joseph C. Watson, Anna Marie Turco
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