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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 131-140 out of 224 results

Croce v UBS Financial Services - $1,770,000 UBS & Lehman Structured Products Award

In June 2011, a FINRA arbitration panel in Philadelphia, PA ordered UBS Financial Services Inc. to pay $1,520,000 in damages plus approximately $250,000 in interest. The award was made after a hearing wherein the Claimant alleged Respondents breached contractual and fiduciary duties and failed to suitably invest Claimant's account. The claims related to the purchase of a Lehman Brothers issued "100% Principal Protection Notes Linked to Year-Over-Year Change in the Consumer Price Index." Dr. McCann testified on behalf of the Claimant.

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.

Albertine et al v Morgan Keegan - $881,000 (MKIBX, RHY, RSF, RMA, RMH) Award

In April 2011, a FINRA arbitration panel in Memphis, TN ordered Morgan Keegan to pay the Claimants $881,000 in compensatory damages and expert witness fees in connection with Morgan Keegan's sale of the RMK Select Intermediate Bond (MKIBX), High Income (RMH), Advantage Income (RMA), Strategic Income (RSF) and Multi-Sector High Income (RHY) funds. Dr. McCann testified on behalf of the Claimants.

Hosier et al v Citigroup - $54.1 Million MAT Finance, MAT Two, MAT Three, MAT Five Award

In April 2011, a FINRA arbitration panel in Denver, CO ordered Citigroup to pay Claimants $54.1 Million including $17 Million in punitive damages and $3 Million in attorneys' fees over the sale of Citigroup's MAT Finance, MAT Two, MAT Three, MAT Five, ASTA Finance, ASTA Three and ASTA Five leveraged municipal bond hedge funds. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and misrepresented the hedge funds. Dr. McCann testified on behalf of the Claimants.

Coleman v Citigroup - $230,667 ASTA Five Award

In February 2011, a FINRA arbitration panel in Los Angeles, CA ordered Citigroup to pay Claimants $230,667 over the sale of Citigroup's ASTA Five leveraged municipal bond hedge fund. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and misrepresented ASTA Five. Dr. McCann testified on behalf of the Claimants.

Karrels v Morgan Keegan - $373,135 (MKIBX) Award

In February 2011, a FINRA arbitration panel in Memphis, TN ordered Morgan Keegan to pay the Claimant $373,135 in compensatory damages, attorneys' fees and expert witness fees pursuant to the Tennessee Securities Act in connection with Morgan Keegan's sale of the RMK Select Intermediate Bond Fund (MKIBX). Dr. McCann testified on behalf of the Claimant.

Liles v Morgan Keegan - $81,291 (RHY) Award

In February 2011, a FINRA arbitration panel in Houston, TX ordered Morgan Keegan to pay the Claimant $81,291 in compensatory damages and costs including expert witness fees in connection with Morgan Keegan's sale of the RMK Multi-Sector High Income Fund (RHY). Dr. McCann testified on behalf of the Claimant.

Beard v Citigroup - $336,000 ASTA Five Award

In December 2010, a FINRA arbitration panel in Los Angeles, CA ordered Citigroup to pay Claimants $336,000 including $31,629 in fees and costs over the sale of Citigroup's ASTA Five leveraged municipal bond hedge fund. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and misrepresented ASTA Five. Dr. McCann testified on behalf of the Claimants.

Barnett et al v Citigroup - $2,428,000 MAT Five Award

In December 2010, a FINRA arbitration panel in Memphis, TN ordered Citigroup to pay Claimants $2,428,000 over the sale of Citigroup's MAT Five leveraged municipal bond hedge fund. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and misrepresented MAT Five. Dr. McCann testified on behalf of the Claimants.

Chapman v Citigroup - $3,000,000 Concentrated Stock Award

In November 2010 a FINRA arbitration panel in San Francisco, CA ordered Citigroup to pay $3,000,000 to the Claimant who alleged, among other claims, breach of fiduciary duty, breach of contract and failure to supervise. Dr. McCann testified on behalf of the Claimant about the feasibility and impact of hedging strategies for concentrated stock positions.

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