Melvin Dias, Evelyn Dias v. Pershing LLC
Published: Sep. 24, 2011 | Result Date: Jul. 11, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-00555 Arbitration – $120,250
Court
FINRA
Attorneys
Claimant
Scott R. Shewan
(Pape & Shewan LLP)
Respondent
Nathan R. Jaskowiak
(Keesal, Young & Logan)
Gordon C. Young
(Barr & Young Attorneys)
Facts
Melvin and Evelyn Dias filed a complaint against Pershing LLC related to alleged unauthorized transfer of funds from their accounts. The claimants alleged causes of action against the clearing brokerage firm for breach of contract and negligence.
Damages
Claimants sought $481,000 plus interest in damages.
Result
The panel found Pershing liable to claimants for $120,250 in compensatory damages plus interest. The panel dismissed the negligence cause of action. All other relief was denied.
Other Information
Pershing has filed a petition to vacate the arbitration award. ARBITRATORS: Paul H. Lamboley, Cheryl R. Kershner, David M. Seidner.
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390