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

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Displaying 31-40 out of 217 results

$4.8 Million Mudafort v UBS Award

In July 2019, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $4,813,161 in capital losses calculated from February 2013 through March 2019 and $67,969 in expert costs. Dr. O'Neal testified on liability and damages over UBS Puerto Rico's sale of UBS Puerto Rico municipal closed end bond funds and Puerto Rican municipal bonds.

$8.3 Million Move.Inc v Citigroup ARS Award

In May 2019, a FINRA arbitration panel in Los Angeles, CA ordered Citigroup to pay Move.inc $8.3 Million as compensation for losses on auction rate securities. The award was made after a hearing wherein the Claimants alleged that Respondents breached fiduciary duties and misrepresented the ARS. This fascinating case arose out of events in 2008 and earlier. Craig McCann testified on behalf of the Claimant.

$148,000 Aguayo v Santander Securities Award

In February 2019, a FINRA arbitration panel in San Juan, PR ordered Santander Securities to pay at least $148,000 in compensatory damages, interest and costs. Dr. McCann testified on liability and damages over Santander's sale of Puerto Rico closed end funds and municipal bonds.

$343,000 Porter v RMK Award

In December 2018, a FINRA arbitration panel in Birmingham, AL ordered Morgan Keegan to pay $343,000 in compensatory damages, interest and costs to Claimant. Dr. O'Neal testified on the risks of structured finance, high yield bonds, closed end funds and damages over Morgan Keegan's sale of four risky funds that held concentrated positions in structured finance investments.

$276,000 Medeiros v Quest Capital Strategies Woodbridge Mortgage Investment Funds Award

In January 2019, a FINRA arbitration panel in Boca Raton, FL ordered Quest Capital Strategies to pay $235,000 in compensatory damages and $41,226 in costs to Claimant. Dr. O'Neal testified on private real estate risk, projected bankruptcy recovery in a Ponzi scheme, and damages over Quest's sale of four promissory notes of the Woodbridge Mortgage Investment Funds.

$177,500 Ionta v Mid Atlantic Capital Private Placement Award

In December 2018, a FINRA arbitration panel in Los Angeles, CA ordered Mid Atlantic Capital Group to pay $177,500 in compensatory damages. Dr. McCann testified on liability and damages over Mid Atlantic's sale of an illiquid loan fund, Sonoma Ridge Partners.

$564,559 Pastrana v UBS of Puerto Rico Award

In October 2018, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay at least $564,559 in compensatory damages, attorney's fees and costs. The panel also ordered UBS to repurchase certain closed end funds at their account statement values. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of Puerto Rico closed end funds and municipal bonds.

$19 Million Moyett v UBS of Puerto Rico Award

In October 2018, a FINRA arbitration panel in Atlanta, GA ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $14,909,019 in compensatory damages, plus attorneys' fees of $3,878,345 and costs of $215,557. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS PR closed end funds and individual Puerto Rico municipal bonds.

Grimes v Trustmont Financial Group- $1 Million non-traded REIT, Annuity Award

In August 2018, a FINRA arbitration panel in Tampa, FL ordered Trustmont Financial Group to pay $1,041,000 in statutory damages pursuant to FL Section 517, punitive damages, costs and fees. Dr. McCann testified on liability and damages over Trustmont's sale of a non-traded REIT (Griffin Capital Essential Asset) and two variable annuity switches.

Dr. McCann's "Fiduciary Duties and Non-traded REITs" and SLCG's blog posts on non-traded REITs can be found on our website.

$4.3 Million Bender v UBS of Puerto Rico Award

In June 2018, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $4,20,000.00 in compensatory damages, plus costs of $100,000. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of Puerto Rico municipal bonds.

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