Contracts
Breach of Contract
Promissory Notes
RBC Dain Rauscher Inc. v. Gary J. Handler
Published: Nov. 22, 2008 | Result Date: Sep. 23, 2008 | Filing Date: Jan. 1, 1900 |Case number: 07-01941 Arbitration – $250,930.92 incl. fees/costs
Facts
Claimant RBC Dain Rauscher Inc. alleged respondent Gary Handler breached a promissory note agreement.
Damages
Claimant sought $230,548.28 in compensatory damages; interest at 3.02 percent per annum since April 13, 2007; and attorney fees.
Result
The panel determined respondent was liable and awarded claimant compensatory damages in the sum of $240,076.02, having subtracted $375 for credited interest from the original $240,451.02 award plus $8,628.53 attorney fees and $2,226.37 costs.
Other Information
The panel denied respondent's request for reimbursement of expenses at the hearing. ARBITRATORS: Robert Elman, Robert Fash, Katharine Coleman.
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