John P. and Ana Jahn, Trustees of The Jahn Family Trust v. Dane Faber and First Securities USA Inc.
Published: Nov. 11, 2006 | Result Date: Jan. 23, 2006 | Filing Date: Jan. 1, 1900 |Case number: 0202614 Arbitration – $50,000
Court
Arbitration Forum
Attorneys
Plaintiff
Douglas B. Martin Jr.
(Law Office of Douglas B. Martin Jr.)
Defendant
Facts
Plaintiffs, John and Ana Jahn, trustees of the Jahn Family trust, filed suit against Dane Faber for fraud, breach of fiduciary duty, professional negligence, unsuitability, failure to supervise and churning.
Contentions
CONTENTIONS:
Plaintiffs alleged that defendant engaged in a wide variety of wrongful conduct, involving various, unspecified securities. Defendant denied the allegations.
Damages
Plaintiffs sought an unspecified sum in compensatory damages, punitive damages, interest, and attorney fees.
Result
Plaintiffs were awarded $50,000 in compensatory damages. The parties each bore their respective costs and attorney fees.
Other Information
Plaintiffs also asserted claims against and First Securities USA, Inc. However, they were able to reach a settlement.
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