Jose Calderon v. Michael Lawrence Cruz, Finance 500 Inc., Robert Lansing Hicks, Eric Richard Marlin
Published: Dec. 21, 2018 | Result Date: Nov. 14, 2018 | Filing Date: Jun. 30, 2017 |Case number: FINRA: 17-01741 Arbitration – Respondent
Arbitrator
Attorneys
Claimant
Kenneth J. Catanzarite
(Catanzarite Law Corp.)
Respondent
Edward S. Zusman
(Markun, Zusman, Freniere & Compton LLP)
for Michael Cruz
Brandon S. Reif
(Reif Law Group PC)
for Finance 500 Inc.
Rebecca E. Maclaren
(Reif Law Group PC)
for Finance 500 Inc.
Jeffrey S. Kob
(Evans & Kob PC)
for Eric Marlin
Facts
Jose Calderon filed an arbitration claim against Michael Cruz, Finance 500 Inc., Robert Hicks, and Eric Marlin in relation to the purchase of DBSI South Trust Tower.
Contentions
CLAIMANT'S CONTENTIONS: Claimant asserted causes of action for breach of contract, fraud, misleading statements, and misleading omissions of material information, breach of fiduciary duty, negligent misrepresentation, negligence, breach of contract and warrant and third party beneficiary breach of contract, breach of the covenant of good faith and fair dealing, and failure to supervise.
RESPONDENTS' CONTENTIONS: Respondents denied the allegations and asserted various affirmative defenses.
Damages
Claimant sought general, special and compensatory damages, statutory damages, and attorney fees and cost.
Result
The panel granted the respondents' motion to dismiss claimant's claims with prejudice, finding that his claims are barred pursuant to Rule 12504 and 12209 of the Rule Code.
Other Information
ARBITRATORS: Thomas E. Shuck, presiding chairperson, Robert D. Sussin, H. Stuart Waxman.
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