Contracts
Breach of Promissory Note
Wells Fargo Advisors LLC v. William C. Krueger
Published: May 27, 2017 | Result Date: Apr. 3, 2017 | Filing Date: Jan. 1, 1900 |Case number: 15-01083 Arbitration – $245,910
Facts
Wells Fargo Advisors LLC filed a complaint against William Krueger, related to a promissory note executed by Krueger during his employment with Wells Fargo.
Contentions
CLAIMANT'S CONTENTIONS:
Respondent allegedly breached a promissory note dated Sept. 2, 2011.
RESPONDENT'S CONTENTIONS:
Respondent denied the allegations and asserted various affirmative defenses.
Damages
Wells Fargo sought the principal amount of $245,910 plus interest and fees.
Result
The arbitrator found Krueger liable to Wells Fargo in the amount of $245,910 plus 10 percent interest, subject to an offset for amounts already paid by Krueger.
#113515
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390