Joseph J. Bahuth, Angele Bahuth v. UBS Financial Services Inc., Andrew Coulter
Published: Mar. 26, 2011 | Result Date: Feb. 18, 2011 | Filing Date: Jan. 1, 1900 |Case number: 09-05989 Arbitration – Defense
Facts
Joseph and Angele Bahuth entered into arbitration with UBS Financial Services Inc. and Andrew Coulter regarding investments in UBS Credit Recovery Fund LLC, UBS Equity Opportunity Fund II LLC, UBS Event Fund LLC, UBS M2 Fund LLC, and UBS Technology Partners LLC.
Contentions
CLAIMANTS' CONTENTIONS:
The Bahuths alleged fraud, intentional misrepresentation, negligence, breach of fiduciary duty, failure to supervise, and elder abuse.
RESPONDENTS' CONTENTIONS:
UBS and Coulter denied the allegations, asserting various affirmative defenses.
Damages
The Bahuths sought $370,000 in general damages or full rescission, as well as attorney fees and costs.
Result
The arbitration panel denied the Bahuths' claims.
Other Information
ARBITRATORS: Bruce A. Davidson, Robert B. Moran, Ronald F. Rybandt.
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