Practice areas

Securities Arbitration

Representative Cases

The firm served as Lead Counsel in a series of breach of fiduciary duty and securities fraud claims that are being arbitrated before the National Association of Securities Dealers (NASD). These cases arose out of the analyst scandal that resulted in record fines being assessed against the major national securities firms in connection with settlement of matters brought by the New York Attorney General, the SEC, and the NASD.

Khouri v. Merrill Lynch, NASD Case No. 02-3959 (N.Y. 2/5/04), resulted in an award by the Panel of all compensatory damages sought by the Claimant plus interest. The Panel also awarded punitive damages in an amount equal to the compensatory damages.