Securities
Breach of Fiduciary Duty
Bonds
OC Partners Inc. v. RBC Dain Rauscher Inc., David S. Tucker III
Published: May 12, 2012 | Result Date: Oct. 6, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-00950 Arbitration – Dismissal
Facts
OC Partners Inc. filed a complaint against RBC Dain Rausher Inc. and David Tucker alleging that respondents failed to supervise claimant's investments in Ford Motor Co. and General Motors bonds purchased before the 2008 financial crisis.
Damages
OC Partners sought $540,000 in compensatory damages, interests, costs, and punitive damages.
Result
The panel dismissed all claims asserted against respondents and recommended expungement of respondents' records.
Other Information
ARBITRATORS: Mark R. Topper, Helen M. Blohm, Alexander L. Mazour.
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