Bass, Berry & Sims attorney Chris Lazarini examined a case in which the appellate court upheld a jury verdict in favor of Plaintiff, finding commodity futures contracts are not "securities" and Plaintiff, who was trading them...more
Bass, Berry & Sims attorney Chris Lazarini provided insight on a case in which a widow and one-time named beneficiary of her husband's IRA account acquired the account assets after her husband's death, although she was not...more
Bass, Berry & Sims attorney Chris Lazarini commented a case in which a broker-dealer claimed the term "final judgment" in its insurance policy was ambiguous and should be construed against its insurance carrier, as is typical...more
12/12/2016
/ Ambiguous ,
Appeals ,
Claims Limitations Period ,
Contract Terms ,
Final Judgment ,
Illusory Contracts ,
Insurance Contracts ,
Insurance Litigation ,
Negligent Supervision ,
Policy Exclusions ,
Policy Terms ,
Prior Wrongful Acts ,
Summary Judgment
Bass, Berry & Sims attorney Chris Lazarini commented on a case in which a former trader fraudulently purchased $1 billion in Apple shares that ultimately forced the closure of the trader's firm, Rochdale Securities. Rochdale...more
11/15/2016
/ American Rule ,
Appeals ,
Apple ,
Arbitration ,
Arbitration Awards ,
Attorney's Fees ,
Clearing Agencies ,
Compensatory Damages ,
Consequential Damages ,
Contract Disputes ,
Counterclaims ,
Financial Industry Regulatory Authority (FINRA) ,
Manifest Disregard ,
Motion to Vacate ,
Securities Fraud ,
Stocks ,
Willful Misconduct
In 2008, Move, Inc., initiated a FINRA arbitration against Citigroup Global Markets, alleging that Citigroup improperly invested over $131 million of Move's assets in illiquid and unsuitable auction rate securities. The...more