Tuesday, April 21, 2015

Arbitrator Orders Firm to Pay 48.5 Million in Damages

In a decision that is sure to raise eyebrows, a single arbitrator appointed by the AAA has ordered a Boston investment management firm to pay $48.5 million in damages to a couple who were advised to invest in a Polish tobacco company that he deemed "grossly unsuitable."  

The problem with the award is that includes 30 million dollars in punitive damages. 

For more information - Advisor Ordered To Pay $48.5M For 'Grossly Unsuitable' Investment

--- The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions and representation of investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email.

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