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.