Facts

Claimant Hansueli Overturf filed a claim against respondent Morgan Stanley & Co. Inc, which was formerly known as Morgan Stanley DW Inc., requesting indemnification under California Labor Code Section 2802 and Corporations Code Section 317, implied contractual indemnity, and equitable indemnity.

CLAIMANT' S CONTENTIONS:
Claimant contended that respondent did not reimburse him for money spent on defending himself against two civil lawsuits and a criminal action.

RESPONDENT'S CONTENTIONS:
Respondent denied that claimant was entitled to indemnity.

Damages

In the statement of claim, claimant sought $670,000 in compensatory damages, attorney fees, costs, and a substantive reimbursement paid to the district attorney's office, plus interest. At the hearing, claimant sought $350,000 in reimbursement, $403,709 in attorney fees and costs.

Result

The arbitration panel denied claimants' claims.

Other Information

ARBITRATORS: Ralph A. Cotton, Helen M. Blohm, Osei John Adoma.