Robert Trumper, Karen Trumper v. CapWest Securities, et al.
Published: Dec. 17, 2011 | Result Date: Nov. 14, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-02249 Arbitration – $557,500
Facts
Robert and Karen Trumper filed an action against CapWest Securities, Inc., Ronald Lee Ellis, Dale Keith Hall, Kathleen Louise Heshelow, Timothy James Kenkel, Lawrence William Lambert, Jeffrey Jon Pridey, and Kent Waldene Pridey. The claimed action related to claimants' purchase of Striker Petroleum and Medical Capital Corp. ("Med Cap"), including Med Cap IV and Med Cap V.
Contentions
CLAIMANTS' CONTENTIONS:
Claimants alleged violation of the Colorado Securities Act, violation of the Colorado Consumer Protection Act, common law fraud, misrepresentation, violation of Conduct Rules of the NASD Section 2110, Section 2120, and Section 3010, breach of fiduciary duty, negligence, negligent supervision, and respondeat superior.
RESPONDENTS' CONTENTIONS:
Respondents denied the allegations.
Damages
Claimants sought $550,000 against CapWest and Kent Pridey jointly and severally, $350,000 against Hall, Lambert, and Heshelow jointly and severally, and $100,000 against Jeffrey Pridey.
Result
The arbitration panel awarded claimants $557,500.
Other Information
Arbitrators: Donald N. Tolin, Bruce J. Pederson, Helen P. Love
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