Agnes Barrelet IRA, Agnes Cabane Barrelet Trust dated 10/09/2009, Agnes Barrelet v. NFP Securities Inc., Christopher Hudson Taylor
Published: Jun. 28, 2014 | Result Date: Jun. 11, 2014 | Filing Date: Jan. 1, 1900 |Case number: 13-00430 Arbitration – $1,246,160
Facts
Agnes Barrelet IRA, Agnes Cabane Barrelet Trust dated 10/09/2009, and Agnes Barrelet filed a complaint against NFP Securities Inc. and Christopher Taylor, in connection with claimants' investments in ICON, ATEL, and an unspecified Real Estate Investment Trust.
Contentions
CLAIMANTS' CONTENTIONS:
Claimants asserted causes of action for breach of contract, negligence, breach of fiduciary duty, failure to supervise, and violation of California Corporations Code Section 25401.
RESPONDENTS' CONTENTIONS:
Respondents denied claimants' allegations, and asserted various affirmative defenses. Respondents requested the expungement of records.
Injuries
Claimants sought no less than $1.9 million in actual damages, rescission, interest, punitive damages, attorney fees and costs, and other relief.
Result
The FINRA Panel found respondents jointly and severally liable for $1,246,155 in compensatory damages. The Panel denied respondents' request for an expungement.
Other Information
ARBITRATORS: Harvey C. Flodin, Nancy J. Spieczny and Michael D. Briggs
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