SLCG Economic Consulting's Logo

About

Results

Our research and testimony frequently result in awards, decisions and orders. See what our experts have been working on.

Filter by:

Displaying 5 out of 5 results

US Airways v Oppenheimer & Co. Inc. - $30 Million ARS Award

In January 2013, a FINRA arbitration panel in New York, NY ordered Oppenheimer to pay US Airways $30 Million as compensation for losses on Camber, Capstan and Pivot credit-linked auction rate securities. The award was made after a hearing wherein the Claimants alleged that Respondents breached fiduciary duties and misrepresented the ARS. Dr. McCann and Mr. Meyer testified on behalf of the Claimants.

Wagner v Wells Fargo - $2.225 Million ARS Award

In May 2012, a FINRA arbitration panel in Los Angeles, CA ordered Wells Fargo to redeem at par $2.225 Million of auction rate securities and to pay Claimants losses on ARS the Claimants had sold at a loss. The award was made after a hearing wherein the Claimants alleged that Respondents breached fiduciary duties and misrepresented the ARS. Mr. Meyer testified on behalf of the Claimants.

Perry v Oppenheimer - $6.1 Million ARS Award

In January 2012, a FINRA arbitration panel in New York, NY ordered Oppenheimer to pay Claimants $6.1 Million including $134,108 in attorneys' fees over the sale of auction rate securities. The award was made after a hearing wherein the Claimants alleged that Respondents failed to supervise, breached contractual and fiduciary duties and misrepresented the ARS. Dr. O'Neal testified on behalf of the Claimants.

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....

Lesmir et al v Wedbush - $3.1 Million Nuveen ARPS ARS Award

In November 2010, a FINRA arbitration panel in Seattle, WA ordered Wedbush Morgan to redeem at par $2,825,000 in auction rate preferred securities plus $2245,865 in attorneys' fees and costs. The award was made after a hearing wherein the Claimants alleged Respondents breached fiduciary duties and committed securities fraud. Dr. McCann testified on behalf of the Claimants.

5 Results

Display: