Brokers facing Finra disciplinary action could have their penalties increased if they've also
lost arbitration cases to customers related to their violations.
As Fortune reported today, 3D Systems also recently
lost an arbitration case filed by Ronald Barranco, the owner of a company 3D Systems acquired in 2011, that requires it to pay $ 11 million.
Schwab
loses arbitration case against Morgan Stanley over accusations of recruiting brokers with trade secrets, Reuters
Not exact matches
Even if they do succeed in sending the
case to
arbitration, Kalanick could very well
lose on the merits.
For example, Georgie Porgie, as Boston Red Sox manager Jimy Williams calls him, just elevated his vice president of player development and scouting, Mark Newman, over his general manager, two - time American League pennant winner Brian Cashman, because Cashman
lost two
arbitration cases last winter.
190 Percentage of raise, from $ 380,000 to $ 1.1 million, that Boston Red Sox pitcher Aaron Sele will receive this season after «
losing» his
arbitration case; Sele had asked for $ 1.4 million.
The second is when a party is dissuaded from taking part in litigation or
arbitration due to the financial risks associated with
losing a
case.
Christian Stuerwald and Mick Smith provide brief comments on an interesting
case recently decided by the High Court, in which the High Court confirmed an
arbitration tribunal's decision that the success fee a claimant pays to his litigation funder is recoverable from the
losing defendant in certain circumstances.
Using the same provision, Cruz City 1 Mauritius Holdings («Cruz City»)(represented by White &
Case) recently obtained an order requiring the
losing parties in an
arbitration to disclose their assets worldwide, to assist Cruz City in enforcing against these parties arbitral awards of US$ 298 million.