Claimants have significant recovery in FINRA arbitration related to investments in Inland offerings.

The claimants filed a FINRA Arbitration in Tampa, Florida, related to their investments in illiquid Inland Western and Inland American Real Estate Investment Trust offerings. The claimants sought compensatory damages of $1 million as well as punitive damages and attorney’s fees pursuant to §517.211 Florida Statutes. At the conclusion of a one-day hearing, the panel awarded compensatory damages of $900,678.33. The panel also awarded attorney’s fees to the claimants to be determined by a court of competent jurisdiction.

Case Law Alert, 1^st Quarter 2014