James Price v. Philip Christopher Curran, Morgan Stanley
Published: Jan. 16, 2016 | Result Date: Dec. 1, 2015 | Filing Date: Jan. 1, 1900 |Case number: 14-01241 Arbitration – Expungement
Facts
James Price brought claims against broker Philip Curran and Morgan Stanley for violation of FINRA rules, breach of contract, breach of fiduciary duty, negligence, fraud and violation of the Financial Elder Abuse Welfare Institutions Code Section 15657.5.
Contentions
CLAIMANT'S CONTENTIONS:
Price contended that defendants violated the law relating to his investment in Facebook Inc. and options trading.
RESPONDENTS' CONTENTIONS:
Respondents denied Price's allegations and asserted various affirmative defenses.
Damages
Price requested $2 million in compensatory and exemplary damages.
Result
The arbitration panel denied Price's claims in their entirety and recommended expungement of Curran's registration records.
Other Information
ARBITRATORS: James D. Knotter, Edward H. Davis, Vytas Tarulis.
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