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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 141-150 out of 232 results

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.

Flautt v Morgan Keegan - $2,138,805 (MKHIX, RSF, RHY) Award

In November 2010, a FINRA arbitration panel in Boca Raton, FL ordered Morgan Keegan to pay at least $2,138,805 in damages and prejudgment interest to Claimants. The award was $1,825,517 in capital losses and at least $313,288 in prejudgment interest. The panel found Morgan Keegan explicitly "liable for misrepresentations and omissions (common law fraud), breach of fiduciary duty, unsuitable investments, negligence, failure to supervise, breach of contract, and vicarious liability" related to Claimants' investments in the RMK Select High Income Fund (MKHIX), RMK Strategic Income Fund (RSF), and RMK Multi-Sector High Income Fund (RHY). Dr. McCann testified on behalf of the Claimants.

Quiros v Merrill Lynch - $500,000 Award

In November 2010, a FINRA arbitration panel in Los Angeles ordered Merrill Lynch to pay compensatory damages of $500,000 to Claimant William Quiros. Claimant alleged that Merrill Lynch failed adequately to supervise the securities-related activities of two registered representatives, one of whom was conducting business away from his branch office. Claimant also alleged fraud and misrepresentation in connection with the offering of a security Merrill Lynch had not approved for sale. On behalf of the claimant, Mr. Meyer testified about a broker-dealer's duty to supervise all the securities-related activities of its associated persons.

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