William Feinstein v. Merrill Lynch, Pierce, Fenner & Smith, Incorporated
Published: Dec. 9, 2006 | Result Date: Sep. 21, 2006 | Filing Date: Jan. 1, 1900 |Case number: 05-02377 Arbitration – Defense
Facts
Claimant William Feinstein alleged breach of fiduciary duty, fraud, securities fraud, and negligence. His claim arose from the purchase of securities in Tyco International.
Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. disputed the claims of wrongful conduct and asserted affirmative defenses.
Damages
Claimant sought $95,200. The claimed damages covered compensatory and exemplary damages, as well as prejudgment interest and costs, including attorney fees. Respondent sought dismissal of the claim.
Result
Claimant's claims were denied.
Other Information
Respondent filed a motion to dismiss the claim, which the panel granted. Arbitration panel: Ronald L. Cameron, Jeffrey P. Palmer and Linda L. Blackwell.
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