Securities
Breach of Fiduciary Duty
Negligent Supervision
Frank Griswold v. Burch & Company Inc., William Clifford Congdon III, John Frederick Jeffers
Published: Oct. 1, 2011 | Result Date: Aug. 25, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-02477 Arbitration – $350,000
Facts
Frank Griswold entered into arbitration with Burch & Co. Inc., William Congdon, and John Jeffers regarding investments in a tenant-in-common share of Beamer Place Apartments.
Contentions
CLAIMANT'S CONTENTION: Griswold alleged negligence, breach of fiduciary duty, negligent supervision, breach of contract, and fraud.
RESPONDENT'S CONTENTIONS:
Burch, Congdon, and Jeffers denied the allegations, asserting various affirmative defenses.
Damages
Griswold sought damages of $1,993,422.20.
Result
The arbitration panel found Burch and Jeffers liable for $350,000 in compensatory damages plus interest.
Other Information
ARBITRATORS: Roy J. Moceri, John F. Cockbum, James A. Bishop.
#113070
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390