Morgan Stanley Smith Barney, LLC v. Kurtis Linn
Published: Sep. 24, 2011 | Result Date: May 3, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-05242 Arbitration – $120,362
Facts
Morgan Stanley Smith Barney LLC filed an action against Kurtis Linn in relation to two alleged promissory notes executed by Linn on or about May 27, 2005 and July 28, 2006, respectively.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant argued that respondent did not pay money that was owed on the promissory notes, and which became due when respondent's employment with claimant terminated.
RESPONDENT'S CONTENTIONS:
Respondent claimed that it did not engage in any wrongdoing.
Damages
Claimant sought $79,051 on the first note, and $26,973 on the second note, plus interest.
Result
The arbitrator granted the motion to grant claimant $115,362 in compensatory damages plus interest, and $5,000 in attorney fees.
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