Levinthal v First Republic - $2,178,153 TW Tax Advantaged Fund Award

In July 2010, a AAA arbitration panel in San Francisco, CA ordered First Republic to pay the Claimants $2,178,153 over the sale of the TW Tax Advantaged Fund LLC leveraged municipal bond arbitrage hedge fund. The AAA panel found that First Republic was professionally negligent and breached fiduciary duties owed to its customers by failing to perform adequate due diligence in the fund and inadequately training and supervising its brokers. Dr. McCann testified on behalf of the Claimants.

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Craig J. McCann