Solomon and Bessie Feffer Trusts, Amnon P. Feffer v. Buckman, Buckman & Reid Inc., First Clearing Corp., National Financial Services LLC, Fidelity Investments Institutional Services Co. Inc.
Published: May 7, 2011 | Result Date: Mar. 30, 2011 | Filing Date: Jan. 1, 1900 |Case number: 09-05926 Arbitration – Claims Denied
Court
FINRA
Attorneys
Claimant
Joseph S. Fogel
(Fogel & Associates)
Respondent
Kevin K. Fitzgerald
(Jones Bell LLP)
Michael G. Shannon
(Thompson Hine)
Facts
Solomon and Bessie Feffer Trusts, and Amnon Feffer filed a claim against Buckman, Buckman & Reid Inc. (BBR), First Clearing Corp., National Financial Services LLC (NFS), Fidelity Investments Institutional Services Co. Inc., alleging breach of fiduciary duty, fraudulent misrepresentation, negligent misrepresentation, negligence, negligent supervision, unjust enrichment, and breach of contract. The claims arose in course of the management of the trusts. NFS and BBR filed counter-claims for indemnification and contribution, and third-party claims for indemnification. First Clearing filed a counter-claim for equitable indemnity and contribution, and a cross-claim for express indemnity and contribution.
Result
The arbitration panel denied the claimants' claims and BR's counterclaims.
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