Muri Trust, Mary K. Byrnes, Jakob Muller v. Morgan Stanley Smith Barney, Robert John Gaines, James Joseph Fontanilla, Andrew James Siegel
Published: Oct. 1, 2011 | Result Date: Jul. 19, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-02024 Arbitration – Claims Denied
Court
FINRA
Attorneys
Claimant
Respondent
Facts
Muri Trust, Mary Byrnes, and Jakob Muller entered into arbitration with Morgan Stanley Smith Barney, Andrew Siegel, and Robert Gaines, regarding various investments.
Contentions
CLAIMANT'S CONTENTIONS:
Trust, Byrnes, and Muller alleged failure to supervise, failure to investigate, breach of fiduciary duty, unsuitability, failure to disclose, omission of material fact, misrepresentations, and fraud in the inducement.
RESPONDENT'S CONTENTIONS:
Morgan Stanley and Siegel denied the allegations, asserting various affirmative defenses.
Damages
Trust, Byrnes, and Muller sought $314,409 in compensatory damages, disgorgement, lost opportunity damages, interest, and costs.
Result
The arbitration panel denied the claims.
Other Information
ARBITRATORS: George W. Harding, Robert S. Baran, Ralph H. Martin III.
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