Moshe Amiad, Yariv Amiad, Robert Rubinstein 2000 Revocable Trust v. Jonathon Daniel Cohen, Morgan Stanley & Co. LLC
Published: Oct. 4, 2014 | Result Date: Sep. 16, 2014 | Filing Date: Jan. 1, 1900 |Case number: 11-01353 Arbitration – Respondent
Facts
Moshe Amiad, Yariv Amiad and Robert Rubinstein 2000 Revocable Trust filed an arbitration claim against Jonathon Cohen and Morgan Stanley & Co. LLC in relation to the handling of a trust account and investment of stocks and fixed income securities in the account.
Contentions
CLAIMANT'S CONTENTIONS:
Claimants alleged claims for suitability, negligence, breach of fiduciary duty, failure to supervise, and elder abuse.
RESPONDENT'S CONTENTIONS:
Respondents denied the claims.
Damages
Claimants sought to recover trust account losses in excess of $775,192, and disgorgement of respondent's revenue in excess of $80,000.
Result
The arbitration panel denied claimants' claims entirely, and granted respondents' motion for sanctions. The panel also recommended expungement of all references to the arbitration from Cohen's registration records.
Other Information
ARBITRATORS: Thomas R. Watkins, Kirtley M. Thiesmeyer and Owen Frances
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