FINRA Arbitration Awards
Bradd Milove and Brian Miller, leading securities litigation attorneys, have recovered millions of dollars on behalf of investors in various forums. While there is no guarantee of recovery, Miller & Milove has successfully represented investors resulting in FINRA Arbitration Awards, NASD, and American Arbitration Association proceedings and Court cases that were tried to conclusion resulting in substantial Awards and Judgments. The cases and Awards reported were decided based on the facts, circumstances, law and merits applicable to each unique case. Accordingly, the results portrayed below were dependant on the facts of these cases and results will differ if based on different facts.
NASD Attorney
Miller & Milove, leading business litigation and securities arbitration attorneys, have also successfully negotiated confidential settlements on behalf of clients with nearly every major Wall Street securities brokerage firm. Mr. Miller and Milove enjoy a reputation based on their diligent and efficient representation of defrauded investors against stockbrokers, financial advisors and promoters of various investment schemes. Most new cases and clients that are accepted by them are the result of referrals and recommendations from opposing attorneys, Judges and Securities Experts who are familiar with their performance.
Although past results do not guarantee future outcomes, in the vast majority of cases, Miller & Milove has been successful in obtaining substantial recoveries on behalf of their clients.
MILLER & MILOVE REPRESENTS SCHWAB YIELD PLUS INVESTOR SECURING $327,000 FINRA ARBITRATION AWARD On October 1, 2009, a three member FINRA Arbitration Panel awarded Miller & Milove’s client one of the largest awards to date arising from the Schwab Yield Plus debacle. For more information, please press the Schwab Yield Plus tab on our website’s Home page.
CLIENT AWARDED OVER $5,900,000
(CLIENT) vs. Microage Inc. et al
Family owned Computer Company was sold in exchange for stock of a New York Stock Exchange company while the stock was subject to a lock-up agreement. Insider trading caused a substantial decrease in value of stock paid to purchase the company. Case focused on misrepresentations and omissions in connection with the acquisition of the business, the offer and sale of securities and accounting fraud. Result: Award of over $5,900,000 including recovery of attorneys’ fees and costs.
CLIENT AWARDED OVER $4,800,000
(CLIENT) vs. Miller & Schroeder Financial Inc.
Senior citizen was defrauded in connection with bonds sold to purportedly renovate and operate health care facilities. Findings: Elder Abuse, Securities Fraud, Breach of Fiduciary Duty, constructive fraud, statutory deceit. Award: compensatory damages-$243,125, attorney fees- $240,000, Exemplary and Punitive damages-$4,350,000.
CLIENT AWARDED OVER $2,500,000
(CLIENT) vs. Dean Witter
Family trusts, IRA holders and individuals recovered over $2,560,000 from stockbrokers and Wall Street broker dealer for unsuitable and excessive trading, options trading, margin trading, failing to supervise, breach of fiduciary duty and misrepresentations and omissions.
CLIENT AWARDED OVER $900,000
(CLIENT) vs. Prudential Securities and Prudential Equity Group
Retiree recovered over $900,000 from stockbroker and investment advisor, branch manager and Wall Street brokerage firms for unsuitable and excessive trading; CMOs, options, commodities, margin trading, breach of fiduciary duty and securities fraud.
CLIENT AWARDED OVER $675,000
(CLIENT) vs. Prudential Bache Securities
Elderly investor defrauded in real estate limited partnership sold by New York Stock Exchange Company. Arbitration Findings included Violation of Rule 10b-5 of the Securities and Exchange Act (Federal Securities Fraud). Result: total award of $675,091 including $339,891 in compensatory damages, interest of $85,000 and punitive damages of $250,000.
(CLIENT) vs. MORGAN STANLEY DEAN WITTER $278,000
Excessive and unsuitable trading in technology stocks on margin by stockbroker/investment advisor.
(CLIENT) vs. PRUDENTIAL SECURITIES $235,024
Misrepresentations and omissions made by Prudential Biotechnology Analyst recommending the purchase of stock underwritten by brokerage company.
(CLIENT) vs. PRUDENTIAL BACHE SECURITIES $177,000
Stock broker misrepresenting that he owned same risky stocks recommended to client.
