Merrill Lynch, Pierce, Fenner & Smith Incorporated v. Kim Tracy Nordmo
Published: Apr. 28, 2012 | Result Date: Mar. 26, 2012 | Filing Date: Jan. 1, 1900 |Case number: 10-01727 Arbitration – $862,494
Facts
Merrill Lynch, Pierce, Fenner & Smith Inc. filed an arbitration claim against Kim Nordmo in relation to a promissory note executed by Nordmo. She filed a counterclaim.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant alleged breach of promissory note, breach of contract, and unjust enrichment.
RESPONDENT'S CONTENTIONS:
Respondent denied the claims, and in the counterclaim, alleged fraud and deceit, negligent misrepresentation, constructive fraud, intentional and negligent interference with prospective economic advantage, constructive discharge, breach of contract, and breach of the implied covenant of good faith and fair dealing.
Damages
Claimant sough $911,961 plus interest, and respondent sought compensatory damages believed to be over $3 million.
Result
The arbitration panel awarded claimant $862,494 plus interest, and rejected the counterclaim.
Other Information
ARBITRATORS: Ferdinand Schoch, Arocles Aguilar, Peter A. Sigal.
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