Results

 
US Airways v Hansalik, et al - $15 million ARS Award

In May 2011, a FINRA arbitration panel in New York, NY ordered three former Lehman Brothers' employees to pay US Airways $15 million over the sale of Asset-Backed Capital Commitment Securities (ABCs), Committed Preferred Custodial Trust Securities (CPS) and Regulation XXX surplus notes backed auction rate securities. The award was made after a hearing wherein the US Airways alleged that Respondents failed to supervise, breached contractual and fiduciary duties and misrepresented the ARS. Dr. McCann testified on behalf of the Claimants.

Read More  
 
Craig J. McCann
Principal703.246.9381