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
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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