Business Law
Broker Negligence
Broker-Dealer
Gina Coco, William Barker, and Jon Neubert v. ING Brokers Network, LLC dba ING Advisors Networ, et al.
Published: Nov. 10, 2012 | Result Date: Jun. 29, 2012 | Filing Date: Jan. 1, 1900 |Case number: YC063484 Summary Judgment – Defense
Court
L.A. Superior Torrance
Attorneys
Plaintiff
Defendant
Erwin J. Shustak
(Shustak, Reynolds & Partners PC)
Facts
Sellers of a California-based broker-dealer sued a large financial conglomerate comprised of four independent broker-dealer firms for millions of dollars in damages arising out of a $12 million acquisition that closed in 2008, just before the unprecedented economic collapse.
Result
The defendant won a summary judgment ruling and obtained the dismissal of all claims asserted against it. Defendant was also entitled to recover the costs and disbursements incurred in defending the claims.
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