Shirley Peltier v. Cullum & Burks Securities Inc., James M. Roberts, Trust Solutions
Published: Jan. 16, 2016 | Result Date: Nov. 19, 2015 | Filing Date: Jan. 1, 1900 |Case number: 14-03860 Arbitration – $275,987
Facts
Shirley Peltier filed a complaint against Cullum & Burks Securities, James Roberts, and Trust Solutions related to her investments in Medical Provider Funding Corp. VI, Clearwater 2008 Note Program LLC and Walton Bluff Springs Land LP and other investments.
Contentions
CLAIMANT'S CONTENTIONS:
Respondents allegedly lost her money due to respondents' negligence and unlawful conduct.
RESPONDENTS' CONTENTIONS:
Respondents denied claimant's allegations and asserted a statute of limitations defense.
Damages
Peltier sought $308,847 in compensatory damages and $1 million in punitive damages.
Result
The FINRA Panel determined that the matter was eligible to proceed to arbitration and, ultimately, found respondents Cullum & Burks and Roberts jointly and severally liable to Peltier in the amount of $275,987 plus interest.
Other Information
ARBITRATORS: Ronald L. Cameron, Anita Rae Shapiro, George Frederick Garris FILING DATE: Dec. 24, 2014
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