Donald Sehmel and Mary Sehmel as Trustees of the 1995 Sehmel Homestead Charitable Trust and on behalf of the Sehmel Homestead Limited Partnership v. RP Capital LLC, Strategic Capital Group LLC, Craig Johnsen, Norman Price, Ronald Robertson and Genesis Capital LLC
Published: Jun. 15, 2013 | Result Date: Jun. 3, 2013 | Filing Date: Jan. 1, 1900 |Case number: 12-00556 Arbitration – Dismissal
Court
FINRA
Attorneys
Claimant
Patrick Baldwin
(Baldwin Mader Law Group)
Christopher P. Mader
(Baldwin Mader Law Group)
Respondent
Facts
Donald Sehmel filed suit against RP Capital LLC and others, asserting causes of action for suitability, breach of fiduciary duty, fraud and misrepresentation, breach of contract, breach of implied covenant of good faith and fair dealing, negligence and negligent misrepresentation, failure to observe high commercial standards, and respondeat superior liability. The causes of action related to Sehmel's investments in various securities, proprietary hedge funds, and funds of funds.
Damages
Sehmel requested $1,135,070 in compensatory damages.
Result
Sehmel's claims were dismissed with prejudice. ARBITRATORS: Joseph C. Roberts, Thomas Dreiling and Elwood Avery
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