Jaimie Davis v. WFP Securities Corporation, Curtis Jerome Sathre III, John Evan Schooler
Published: Apr. 14, 2012 | Result Date: Feb. 29, 2012 | Filing Date: Jan. 1, 1900 |Case number: 10-00507 Arbitration – Respondent
Court
FINRA
Attorneys
Claimant
William J. Brown Jr.
(Brown Wegner LLP)
Respondent
Brandon S. Reif
(Reif Law Group PC)
Facts
Jaimie Davis filed a complaint against WFP Securities Corporation, Curtis Sathre, and John Schooler related to Davis's investments in Striker Partners, DBSI Denton Court, Medical Capital, and several others. Davis asserted negligence, breach of fiduciary duty, breach of contract, failure to supervise and control person liability, and violation of California Corporations Code.
Damages
Davis sought in excess of $2 million in compensatory damages, plus pre-judgment interest, rescission, punitive damages and other relief. At the close of the hearing, Davis sought $2,467,615 in copmensatory damages and $433,666.04 in attorney fees and costs.
Result
The arbitration panel unanimously found that Davis failed to prove by preponderance of the evidence any of the causes of actions she alleged in her claim and dismissed the matter in its entirety. There was also evidence that Davis already settled some of the claims, while others were pending, in a separate arbitration and mediation proceedings, and that Davis's actions were in direct violation of FINRA Code Rule 12209. Davis was held liable for costs and expert fees in the amount of $135,755.89, plus interest. The Panel recommended the expungement of Sathre and Schooler's records. All other relief was denied.
Other Information
ARBITRATORS: Thomas R. Watkins, Judith Porter, Gerald C. Tamble.
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390