Patricia Castro and Alvaro Castro, individuals, and as Trustees for the Castro Family Trust v. Capwest Securities Inc., Michelle Rebecca Langer, Jim Andrew Lund, Robert Russell Tweed
Published: Aug. 11, 2012 | Result Date: Jul. 13, 2012 | Filing Date: Jan. 1, 1900 |Case number: 10-02633 Arbitration – $156,250
Facts
Patricia and Alvaro Castro, individually and as trustees of the Castro Family Trust, filed an arbitration claim against Capwest Securities Inc., Michelle Langer, Jim Lund, and Robert Tweed in relation to investment made in two tenants in common, Water Song Apartments and Cabot Turfway Ridge Acquisition LLC.
Contentions
CLAIMANT'S CONTENTIONS:
Claimants alleged unsuitability, fraud, breach of contract, breach of fiduciary duty, and negligence.
RESPONDENT'S CONTENTIONS:
Respondents denied the allegations.
Damages
Claimants sought return of $691,803 in investments.
Result
The arbitration panel awarded claimants $156,250 plus interest.
Other Information
ARBITRATORS: Melvin S. Feldman, David J. Anderson, Daniel R. Brush.
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