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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 11-20 out of 218 results

$4 Million JPMorgan Foreign Currency / Leverage Award

In December 2021, a FINRA Panel in Houston, TX ordered JP Morgan to pay $4 million in a case involving investments in junk bonds and preferred stocks leveraged through foreign currency transactions. Craig McCann testified on liability and damages behalf of the Claimant.

$6.875 Million Popular Securities Award

In October 2021, a FINRA arbitration panel in San Juan, Puerto Rico ordered Popular Securities to pay $6,876,103 in compensatory damages and costs. Eddie O'Neal testified on liability and damages over Popular's recommendation of leveraged Puerto Rican municipal bond funds.

$921,000 UBS YES Award

In September 2021, a FINRA arbitration panel in Boca Raton ordered UBS Financial Services to pay $921,000 in compensatory damages, interest and expert witness fees. You can read the award here. Eddie O'Neal testified on liability and damages.

$900,000 Oriental Financial Services Award

In August 2021, a FINRA arbitration panel in San Juan, Puerto Rico ordered Oriental Financial Services to pay $700,000 in compensatory damages plus approximately $200,000 in interest since the filing of the case. Eddie O'Neal testified on liability and damages over Oriental's recommendation of leveraged Puerto Rican municipal bond funds.

$370,000 UBS YES Award

In March 2021, a FINRA arbitration panel in Columbus, OH ordered UBS Financial Services to pay $342,127 in compensatory damages, plus approximately $28,000 in expert witness fees. Craig McCann testified on liability and damages over UBS's YES options overlay strategy.

$1.1 Million UBS YES Award

In March 2021, a FINRA arbitration panel in Denver, CO ordered UBS Financial Services to pay $1,044,242 in compensatory damages, plus approximately $53,442 in interest. Craig McCann testified on liability and damages over UBS's YES options overlay strategy.

$420,000 Private Placement Real Estate and Equipment Leasing DPP Annuity Award

In February 2021, a FINRA panel in St. Louis, MO ordered Sunset Financial Services to pay $420,000 in compensatory damages, attorneys' fees and costs. Craig McCann testified on liability and damages over Sunset's sales of three private placement real estate products - United Development Funding III, Walton Vista Del Monte and Walton West Palmilla - and two equipment leasing DPPs - LEAF IV and ATEL Growth Capital V.

$20 Million Schottenstein v JPMorgan Structured Products Award

In February 2021, a FINRA Panel in Tampa, FL ordered JP Morgan to pay $18.95 Million plus interest and attorneys fees over the sale of Autocallable reverse convertible structured products to an elderly client. Craig McCann testified on behalf of the Claimants about the material features of the Autocallable reverse convertibles.

US District Court issues Final Judgment in SEC v RPM

In December 2020, the United States District Court for the District of Columbia granted Final Judgement in Securities and Exchange Commission v RPM International, Inc et al, Civ No. 16-1803. The SEC alleged that RPM failed to timely disclose a False Claims Act (FCA) investigation and likely settlement with the Department of Justice (DOJ). Craig McCann submitted two expert reports and provided deposition testimony for the SEC on the stock price impact of RPM's disclosures related to the DOJ FCA investigation. The SEC's Litigation Release and the SEC's Complaint are available on our website.

$12.7 Million Estate Planning Equity Indexed Annuity Order

This month the King County Superior Court, State of Washington ordered CLA to pay $6.2 Million in restitution and $6.5 Million in civil penalties and issued injunctive relief in a case arising out of fraudulent free "estate planning" seminars used in part to gather information from unsophisticated seniors in Washington. Dr. McCann testified on behalf of the Washington Attorney General. The Court's discussion of Mr. McCann's testimony begins at page 29.

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