In a Financial industry Regulatory Authority (“FINRA”) ArbitrationStatement of Claim filed in October 2010, Claimant Lehman Brothers asserted against Respondent St. Jean a cause of action for breach of contract based upon allegation of monies owed on a promissory note. Claimant sought $192,857.14 plus interest, costs, attorneys’ fee, and other fees. In the Matter of the FINRA Arbitration Between Lehman Brothers Holdings Inc., as assignee of Lehman Brothers Inc., Claimant, vs. Jeremy St. Jean, Respondent (FINRA Arbitration 10-04599, May 2, 2012).
Respondent St. Jean generally denied the allegations and asserted various affirmative defenses.
After considering the pleadings, the testimony and evidence presented at the hearing, and the post-hearing submissions, the sole FINRA Arbitrator dismissed Claimant Lehman Brothers’ claims in their entirety.
Short, sweet, and to the point! Bravo!!