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Securities
Breach of Contract
Deferred Stock Awards

Richard Justin Lumelleau v. Rencap Securities Inc.

Published: Aug. 17, 2013 | Result Date: Aug. 2, 2013 | Filing Date: Jan. 1, 1900 |

Case number: 12-02119 Arbitration –  $346,241

Court

FINRA


Attorneys

Claimant

John D. Singer
(Singer Deutsch LLP)


Respondent

Brian L. Friedman


Facts

Richard Lumelleau entered into arbitration with Rencap Securities, asserting causes of action for breach of contract, breach of deferred stock awards, and quantum meruit.

Damages

Lumelleau sought $506,500 in compensatory damages.

Result

The arbitration panel found that Rencap was liable to Lumelleau for $346,241.15.

Other Information

ARBITRATORS: Mitchell S. Friedman, W. Alexander Melbardis and Joseph A. Forgione


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