ADKO Investors, LLC, et al. v. CapWest Securities Inc.
Published: Jan. 28, 2012 | Result Date: Jan. 13, 2012 | Filing Date: Jan. 1, 1900 |Case number: 09-06962 Arbitration – $9,120,470
Court
FINRA
Attorneys
Claimant
Scott L. Silver
(Silver Law Group)
Respondent
H. Thomas Fehn
(Fields Fehn & Sherwin)
Facts
ADKO Investors LLC and several other claimants filed a complaint against CapWest Securities Inc. alleging several causes of actions including breach of contract, breach of fiduciary duty, and violation of several statutes related to claimants' investments in Provident Royalties Inc., Medical Capital Corp. and DBSI Inc.
Damages
Claimants sought damages, rescission, compensatory damages plus interest, punitive damages, as well as attorney costs and fees.
Result
The Panel found respondent liable for $7,925,763 in compensatory damages; $1,188,863 in attorney fees; $5,840 in costs; and interest.
Other Information
ARBITRATORS: Thaddelis J. Tecza, Ph.D, John Fleming Kelly, Martin M. Beriiner.
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