Michael L. Kennedy 1998 Trust v. Berthel, Fisher & Company Financial Services Inc.
Published: May 28, 2016 | Result Date: Mar. 16, 2016 | Filing Date: Jan. 1, 1900 |Case number: 15-01634 Arbitration – Dismissal
Court
FINRA
Attorneys
Claimant
Adam J. Gana
(Gana Weinstein LLP)
Respondent
Brandon S. Reif
(Reif Law Group PC)
Rebecca E. Maclaren
(Reif Law Group PC)
Facts
Claimant Michael L. Kennedy 1998 Trust brought claims against defendant Berthel, Fisher & Company Financial Services Inc.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant contended that respondent violated the law relating to his investments in nine tenants-in-common. Claimant asserted causes of action for breach of contract, breach of fiduciary duty, unsuitability, common law fraud, violation of the California Corporations Code, violations of FINRA Rules, negligent supervision, respondeat superior, and the sale of unregistered securities.
RESPONDENT'S CONTENTIONS:
Respondent denied claimant's contentions and asserted various affirmative defenses.
Damages
Claimant sought $7 million in compensatory damages.
Result
The arbitration panel dismissed claimant's claims.
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