By Harry A. Jacobowitz, Esq.
While most explained Awards focus on factual issues, Alderson v. deVere USA, Inc., JAMS ID #1425027170 (New York,
In the first part of our survey on punitive damages (see SAA 2018-13 (Apr. 4)), we took a “forest-level” look at this type of relief,
EXPLAINED AWARD: DEUTSCH v. FIDELITY BROKERAGE SERVICES LLC, FINRA ID #12-02759 (New York, NY, 7/28/17).
In this 15-page Award, the Panel disposes of two investors’ $125 million claim that the brokerage holding their accounts prevented them from taking control of a distressed company and selling it at a profit.
EXPLAINED AWARD: TULLIS v. AMERIPRISE FINANCIAL SERVICES, INC., FINRA ID #16-01261 (Portland, OR, 6/27/17).
This Award includes a so-called “Dissenting Decision” that is largely a concurrence fleshing out in detail the majority’s one paragraph “Findings” in favor of the customer claimants;