Randy LaCombe v. Wedbush Securities Inc.
Published: Aug. 4, 2012 | Result Date: Jul. 6, 2012 | Filing Date: Jan. 1, 1900 |Case number: 11-03514 Arbitration – $90,240
Facts
Randy LaCombe filed suit against Wedbush Securities Inc., asserting causes of action for breach of contract, failure to pay commissions, and failure to pay compensation owed. LaCombe claimed that Wedbush failed to honor an employment contract that specified an incentive compensation of 25 percent on all trading profits and sales commissions to be paid quarterly. LaCombe stated that Wedbush failed to pay him commissions owed for the period July 1, 2010 through March 31, 2011. As a result, LaCombe left the employ of Wedbush.
Damages
LaCombe requested $93,820 in compensatory damages and an unspecified amount in punitive damages.
Result
The arbitration panel found that Wedbush was liable to LaCombe for $93,819.72 in compensatory damages.
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