Margaret A. Wendt v. UBS Financial Services Inc.
Published: Mar. 17, 2012 | Result Date: Jan. 30, 2012 | Filing Date: Jan. 1, 1900 |Case number: 10-04520 Arbitration – Respondent
Facts
Margaret Wendt filed a complaint against UBS Financial Services Inc. relating to her investments in stocks and revolving credit program. She asserted causes of action for negligence; breach of fiduciary duty; intentional misrepresentation; unauthorized trading; unsuitable investing; invasion of privacy; failure to supervise; intentional infliction of emotional distress; financial abuse and/or elder abuse; unfair and deceptive business practices; and unlawful discrimination in violation of the Unruh Civil Rights Act. UBS filed a motion to dismiss.
Damages
Wendt sought at least $750,000 in economic and non-economic damages; $750,000 for pain and suffering; $2.25 million for statutory treble damages; punitive damages; interest; and attorney fees and costs.
Result
The FINRA Panel granted UBS's motion to dismiss and dismissed all of Wendt's claims. Any and all relief was denied.
Other Information
A Motion to Vacate is pending. According to claimant, a criminal investigation is underway. ARBITRATORS: Thanayi J. Lindsey, Laurent C. Vonderweidt, Kirtley M. Thiesmeyer.
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