$2M
Securities Arbitration & Litigation
Case results are sourced directly from attorney websites by Injuria.ai's data infrastructure, which actively monitors 22,000+ personal injury law firms. They are not results obtained by ThatCarHitMe.com. Prior results do not guarantee a similar outcome.
Case Details
NASD arbitration panel ordered Merrill Lynch to pay former Major League outfielder Ángel Pagán and his wife for investing them in 'unsuitably high concentrations' of Puerto Rico municipal bonds and closed-end bond funds.
Additional Notes
The award includes $1.7 million in compensatory damages, plus $89,000 in costs and interest calculated at 4.5%. The couple’s request for $6 million in punitive damages was denied. Pagán and his wife claimed they lost about $2 million on the investments made between 2012 and 2016.
More Results from Schwed Kahle & Kress, P.A.The results shown are not necessarily representative of all results obtained by this firm.
Represented By
Schwed Kahle & Kress, P.A.
Top Rated Personal Injury Law Firms in Palm Beach Gardens, FL
Compare firms ranked by Google Reviews.
View Top Rated Firms