Pamela Palmer v. Morgan Stanley, Morgan Stanley & Co., LLC, Mary Elizabeth Suhr
Published: May 17, 2019 | Result Date: Apr. 2, 2019 | Filing Date: Mar. 30, 2018 |Case number: FINRA: 18-01177 Arbitration – $127,000
Arbitrator
Attorneys
Claimant
Steven H. Winick
(Blaxter & Blackman)
Respondent
Nicholas Y. Lin
(Morgan Stanley Smith Barney)
Facts
Claimant Pamela Palmer filed an arbitration claim against Morgan Stanley for several causes of action including breach of fiduciary duty, breach of contract and negligence.
Contentions
CLAIMANT'S CONTENTIONS: Claimant alleged that the respondent vested claimant's vested stock options in public company, Omeros Corp., which expired without exercise.
RESPONDENT'S CONTENTIONS: Respondent denied the allegations made in the claim and asserted various affirmative defenses.
Result
The arbitrator found for the claimant. Respondent was held liable for and ordered to pay to claimant the amount of $127,000.00 in compensatory damages.
Other Information
ARBITRATORS: William M. Samsel, presiding chairperson; Isidoro Berkman, Steven A. Swernofsky.
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