Kline Enterprises Inc. v. Securities America Inc., Brecek & Young Advisors Inc., Thomas Goodson, William Rice
Published: Feb. 4, 2012 | Result Date: Jan. 6, 2012 | Filing Date: Jan. 1, 1900 |Case number: 10-02632 Arbitration – Respondent
Court
FINRA
Attorneys
Claimant
Respondent
Brandon S. Reif
(Reif Law Group PC)
Chad E. Weaver
(Freeman, Mathis & Gary LLP)
Facts
Kline Enterprises Inc. filed a claim against Securities America Inc., Brecek & Young Advisors Inc., Thomas Goodson, and William Rice in relation to investment in real estate projects.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant alleged misrepresentations and omissions, failure to conduct due diligence, and negligence.
RESPONDENT'S CONTENTIONS:
Respondents denied the claims.
Damages
Claimant sought $3,410,909 in compensatory damages and $700,000 in special damages.
Result
The arbitration panel dismissed the claims against Securities America, Brecek & Young settled, and the claim against Goodson was denied. The panel denied the requests to expunge the matter from Goodson's and Rice's records.
Other Information
ARBITRATORS: Ferdinand Schoch, Fern M. Laethem, Alexandra M. Linden.
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390