Facts

Wedbush Securities Inc. filed suit against Holly Hansen, asserting causes of action for breach of contract, an equitable claim for money loaned and unjust enrichment. The causes of action related to five loans made to Hansen during her employment with Wedbush.

Hansen filed a counterclaim, asserting causes of action for breach of contract, fraud, unlawful termination in violation of public policy, violation of Labor Code sections, and unfair business practices.

Damages

At the close of the hearing, Hansen sought total damages of $1,421,261. Additionally, Hansen's post hearing request for fees and costs was for $331,924.71.

Result

The arbitrators found that Hansen was liable to Wedbush for $85,000. However, the arbitrators also found that Wedbush was liable to Hansen for compensatory damages in the sum of $108,850. As a result, Wedbush was liable to Hansen for the net sum of $23,850. The arbitrators also ordered that Wedbush pay Hansen $267,617.09 in attorney fees and costs. In addition, Edward Wedbush was liable for and had to pay $7,200 in attorney fees and costs to Hansen.