FINRA Arbitration Awards

Block & Landsman attorneys recently achieved the following results for their clients:

  • $5,052,500 FINRA arbitration award on behalf of investors who alleged investment fraud targeting investors to raise funds for Lehman Brothers under the guise of structured (a/k/a principal protected) notes.  The award including compensatory damages and attorneys’ fees on the clients behalf. View here.
  • $540,328 FINRA arbitration award on behalf of registered representative against former employer for failure to pay commissions per their agreement, and for sexual harassment and discrimination. The award provided the client with compensatory damages, punitive damages and attorneys’ fees. View here.
  • $342,076 FINRA arbitration award on behalf of clients who alleged investment fraud against broker who recommended they use margin to purchase securities, resulting in the loss of their entire account. The award  included punitive damages and attorneys’ fees to the client. View here.
  • $310,000 FINRA arbitration award on behalf of investor who alleged investment fraud against financial adviser who used the client’s money to fund his own private companies. View here.
  • $231,000 FINRA arbitration award on behalf of client who alleged investment fraud against brokerage firm that failed to execute his trades. View here.
  • $105,000 FINRA arbitration award to an investor when the financial advisor steered the client into unsuitable options investments.
  • $174,766 FINRA arbitration award on behalf of several investors in an initial public offering who did not receive their shares of the company on a timely basis. View here.
  • $150,000 FINRA arbitration award on behalf of investor who alleged investment fraud based on unsuitable investments against broker who recommended risky technology stocks. View here.
  • $100,000 FINRA arbitration award on behalf of widow who claimed investment fraud based on the unsuitable investments recommended by her financial adviser who concentrated her investments in a single security. View here.

Settlements

  • $700,000 settlement on behalf of three clients of a rogue financial adviser who engaged in investment fraud consisting of a pattern of selling unsuitable investments in mutual funds.
  • $650,000 settlement on behalf of a married couple who alleged investment fraud against their financial adviser who implemented an unsuitable investment strategy involving high risk stocks.
  • $600,000 settlement on behalf of a registered representative for defamation on his Form U-5.
  • $550,000 settlement on behalf of investor who alleged investment fraud against brokerage firm that failed to execute the client’s option strategy.
  • $285,000 settlement on behalf of three families who alleged investment fraud by their financial adviser who recommended unsuitable investments and churned their accounts.
  • $177,000 settlement on behalf of married couple, one of whom was a former stockbroker who had become disabled as a result of an automobile accident, for investment fraud against financial adviser who recommended unsuitable investments.
  • $171,000 settlement on behalf of elderly investor who alleged brokerage firm improperly convinced her to transfer investment funds to financial adviser’s bogus investment advisory firm.
  • $150,000 on behalf of investor who alleged investment fraud against IRA trust company for losses due to a data-entry error in connection with the purchase of a single security.

Class Action Settlements

  • Injunctive Relief for class of theater patrons in class action lawsuit against nationwide theater promotion company for failing to disclose hidden fee in subscription price. Block & Landsman obtained nationwide class-wide settlement requiring full disclosure of the fee in all marketing materials.
  • Injunctive Relief for class of children exposed to lead-based paint in Chicago Housing Authority residences requiring inspections for lead paint hazards and establishing one-of-a-kind medical monitoring program to detect cognitive injuries in children exposed to lead poisoning.
  • Monetary compensation for securities brokers who were underpaid when selling a particular class of investments.
  • Monetary compensation to home owners who were forced to pay undisclosed fees in connection with the payoff of their mortgages when they refinanced their mortgage or sold their property. (Three separate class actions).