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    • The Edwards 2000 Revocable Trust v. Steven Samuel Christensen, E*Trade Securities LLC

    Apr. 28, 2012
    Verdicts and settlements
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    Torts
    Breach of Contract
    Failure to Supervise

    The Edwards 2000 Revocable Trust v. Steven Samuel Christensen, E*Trade Securities LLC

    Published: Apr. 28, 2012 | Result Date: Mar. 30, 2012 | Filing Date: Jan. 1, 1900 |
    Case number: 11-03099 Arbitration –  Expungement

    Court

    Arbitration Forum


    Attorneys

    Claimant

    Bruce M. Lubarsky


    Respondent

    Meredith F. Hoffman
    (E-Trade Securities LLC)


    Facts

    The Edwards 2000 Revocable Trust filed suit against Steven Christensen and E*Trade Securities LLC in regards to the claimant's purchase of shares of BlackRock Muniholdings California Insured Fund Inc. Series C. The claimants asserted causes of action for breach of contract, failure to supervise, negligence, breach of fiduciary duty and manipulation.

    Damages

    The claimants sought $50,000 in compensatory damages.

    Result

    The arbitrator ruled that the allegations made by the claimants were factually impossible or clearly erroneous. The arbitrator also found that Christensen was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation or conversion of funds.


    #96980

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