Henry Kankowski, Patrice Kankowski v. Morgan Stanley & Co. Inc., Jonathon M. Webster
Published: Sep. 24, 2011 | Result Date: Jul. 5, 2011 | Filing Date: Jan. 1, 1900 |Case number: 11-00646 Arbitration – $1,200,000
Facts
Henry and Patrice Kankowski filed an action against Morgan Stanley & Co. Inc. mad Jonathon Webster in relation to investments in variable annuities, including Newgate LLC, Brandes Global Equity, NWQ Investment Management, Forward Uniplan Advisors, and Fed. Investment Counseling.
Contentions
CLAIMANT'S CONTENTIONS:
Claimants alleged breach of fiduciary duty, negligence, suitability, failure to supervise, breach of contract, and unfair business practices.
RESPONDENT'S CONTENTIONS:
Respondent rejected the allegations of wrongdoing.
Damages
Claimants sought $1,200,000.
Result
The arbitration panel granted claimant's motion to dismiss.
Other Information
ARBITRATORS: Guenter S. Cohn, Kevin K. Forrester, Nils S. Sandberg.
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