The firm’s client is a registered representative and investment advisor representative who was sued for 2.8 million dollars in a FINRA arbitration. Claimants specifically alleged that he forged and altered documents, made unsuitable investment recommendations regarding two restaurants, and that he interfered with the operation of the restaurants leading to Claimants’ alleged losses. Claimants also sought forum fees, costs, punitive damages, and attorney fees, among other alleged damages. Our client denied all the allegations in the Statement of Claim and the Panel heard the matter at a five-day final hearing. Upon the conclusion of the arbitration, the Panel issued an Award denying all of Claimants’ claims in their entirety and Claimants were assessed 44% of the FINRA forum fees and costs.
Denis Dice, the managing partner of WSSLLP’s Philadelphia office, handled the final hearing.
Doug Fogle, an associate in the WSSLLP Philadelphia office, assisted in the preparation for the hearing.