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Contracts
Breach of Promissory Note

Wells Fargo Advisors LLC v. Matthew Harrison

Published: Oct. 24, 2015 | Result Date: Jul. 25, 2015 | Filing Date: Jan. 1, 1900 |

Case number: 15-00217 Arbitration –  $208,719

Court

FINRA


Attorneys

Claimant

Judy Louie
(Wells Fargo Advisors LLC)


Respondent

Steven R. Rensch


Facts

Wells Fargo Advisors LLC filed a complaint against Matthew Harrison in connection with a promissory note allegedly executed by Harrison while he was employed with Wells Fargo Advisors.

Contentions

CLAIMANT'S CONTENTIONS:
Claimant alleged a cause of action for breach of a promissory note dated Sept. 1, 2011.

Damages

Wells Fargo Advisors sought the principal balance of $176,108 plus interest, as well as attorney fees and costs.

Result

The parties settled their dispute. The arbitrator then entered an award holding Harrison liable to Wells Fargo Advisors for $176,108 plus interest and $15,000 in costs if Harrison fails to comply with the settlement agreement and release.

Other Information

FILING DATE: Jan. 28, 2015


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