Securities
Breach of Fiduciary Duty
Unsuitable Investments
Joan A. Lane v. Capwest Securities Inc., John L. Tyler Jr.
Published: Jan. 21, 2012 | Result Date: Oct. 11, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-05749 Arbitration – Denial
Facts
Joan Lane entered into arbitration with John Tyler and Capwest Securities Inc. regarding various investments.
Contentions
CLAIMANT'S CONTENTIONS:
Lane alleged unsuitable investments, failure to disclose risks, as well as false statements and omissions regarding the earnings and financial health of her investments.
RESPONDENT'S CONTENTIONS:
Tyler and Capwest denied the allegations.
Damages
Lane sought reimbursement damages of $275,000 as well as interest, attorney fees, and costs.
Result
The arbitration panel denied the claims.
Other Information
ARBITRATORS: Marilyn R. Lewis, James B. Eichberg, CPA, Holly Stein Sollod.
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