Dwight Manley v. Deutsche Bank Securities Inc.
Published: Jun. 4, 2011 | Result Date: May 3, 2011 | Filing Date: Jan. 1, 1900 |Case number: 09-01469 Arbitration – Respondent
Court
Arbitration Forum
Attorneys
Claimant
Robert J. Girard
(Girard Bengali APC)
Michael Blumenfeld
(Freeman Freeman & Smiley LLP)
Respondent
Paul J. Schumacher
(Greenberg Traurig LLP)
Facts
Dwight Manley entered into arbitration with Deutsche Bank Securities Inc. regarding investments in put options, including the purchase and sale of put options on the S&P 500 and Russell 2000 Indexes.
Contentions
CLAIMANT'S CONTENTIONS:
Manley alleged material misrepresentations and omissions, breach of fiduciary duty, negligence, as well as unsuitability, failure to supervise, unauthorized trading, and violations of California Corp. Code.
RESPONDENT'S CONTENTIONS:
Deutsche denied the allegations, asserting various affirmative defenses.
Damages
Manley sought $750,000 for actual damages, as well as punitive damages, interest, and costs.
Result
The arbitration panel denied Manley's claims.
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