Case Result

$34M

Probate Litigation

2016

Fort Lauderdale, FL

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Case Details

An arbitration panel awarded more than $34 million to the estate of the co-founder of the Home Shopping Network, finding that Morgan Stanley engaged in unauthorized trading and elder financial exploitation.

Additional Notes

The damages involve actions over a three-year period from 2009 to 2012, when the decedent was alive but suffering from severe dementia. The bank insists accounts were managed in accordance with client’s wishes.

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