Case Law

Case Law

Defendants Win Leveraged Advisory Fees Case

Preferred Stock Proceeds Used in Calculation of Advisory Fees Not Fraud By John M. Baker, Esq. Federal Judge Debevoise of the District of New Jersey recently granted summary judgment to defendants in a case alleging that including preferred stock proceeds in the calculation of mutual fund advisory fees violates the […]

Arbitration Brokers Case Law Commentary Compliance

Attempt to Void Settlement

Arbitration Panel Orders Return of Settlement Payment, and Awards Nothing. WEINBERG v. BEAR STEARNS & CO., INC., NYSE ID #2000-008216 (Los Angeles, 10/18/00): Recently confirmed, this Award presents an unusual outcome in a “two-bites-of-the-apple” scenario. According to the “Case Summary” section of the Award, Israel and Molly Weinberg entered into […]