Letitia McKee Cooper, Cooper Trust DTD 10/05/2000 v. John Louis Parmigiani
Published: Feb. 4, 2017 | Result Date: Nov. 15, 2016 | Filing Date: Jan. 1, 1900 |Case number: 15-03227 Arbitration – Dismissal
Facts
Letitia Cooper and the Cooper Trust DTD 10/05/2000 filed a claim against John Parmigiani, in connection with claimants' investment in stock, exchange traded funds, and options trading.
Contentions
CLAIMANTS' CONTENTIONS:
Claimants asserted causes of action for breach of fiduciary duty-suitability, fraudulent misrepresentation, negligent misrepresentation, negligence, unjust enrichment, and breach of contract.
RESPONDENT'S CONTENTIONS:
Respondent denied the allegations and asserted various affirmative defenses. Respondent moved to dismiss, claiming that claimant had no colorable claim against respondent.
Damages
Claimants sought $311,000 in special damages and other relief.
Result
The FINRA Panel granted Parmigiani's motion to dismiss. The claim was found ineligible for arbitration.
Other Information
The case is now filed, and pending, as LASC Case No. LC105051. According to claimant, the case has additional theories of recovery, and fairer discovery. ARBITRATORS: Sandra L. Malek, Gary T. Haight, Sean A. Richardson.
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