Charles Schwab & Co. Inc. v. Morgan Stanley Smith Barney LLC
Published: Sep. 20, 2014 | Result Date: Aug. 25, 2014 | Filing Date: Jan. 1, 1900 |Case number: 12-02325 Arbitration – Respondent
Facts
Charles Schwab & Co. Inc. filed for arbitration against Morgan Stanley Smith Barney LLC.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant alleged that respondent raided claimant's workforce. Claimant asserted causes of action against respondent for intentional and with malice orchestration of an actionable raid on claimant's West Portal Avenue office, unfair competition, and aiding, abetting, and inducing claimant's employees to breach their duties of loyalty to claimant.
RESPONDENT'S CONTENTIONS:
Respondent denied the allegations of claimant's claims.
Damages
Claimants alleged compensatory damages of $15,000,000 and also sought double damages and punitive damages.
Result
The panel denied all of claimant's claims.
Other Information
ARBITRATORS: James D. Murray, Robert Mallin Hirsch and Gary A. Hooker
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