In a Financial Industry Regulatory Authority ("FINRA") Arbitration Statement of Claim filed in October 2008, Claimant Charles Churchill asserted the following causes of action:
Apparently, not quite exhausted from his first round of allegations, Claimant Churchill filed an Amended Statement of Claim in which he withdrew his ADA and NYCHRL claims but added claims of maltreatment and illegal termination.In the Matter of the Arbitration Between Charies P. Churchill, Claimant vs. UBS Financial Services, Inc.. Respondent (FINRA Arbitration 08-03790, May 10, 2011).
By way of damages and relief, Claimant sought:
The Amended Claim modified downward some of the damages initially sought and, thereafter, tt the close of the hearing. Claimant requested compensatory damages in the amount of $1,293,599.00 and attorneys' fees and costs in the amount of $1,338,300.00.
Respondent UBS generally denied the allegations, asserted various affirmative defenses, and filed a Counterclaim asserting breach of promissory note and unjust enrichment. Apparently not to be outdone by Claimant's expansive pleading and amendments, Respondent filed an Amended Counterclaim, which added claims of fraud and false and frivolous allegations.
In its Answer and Counterclaim, Respondent requested dismissal with prejudice, costs, attorneys' fees,and compensatory damages in the amount of $280,530.31 plus interest. Respondent further asked for reimbursement of all costs it incurred in connection with Claimant's hiring and employment, including any fees paid to a third party professional recruiter, attorney, or other. At the close of the hearing. Respondent requested compensatory damages in the amount of $290,814.74 plus interest, costs, and attorney's fees.
On or about May 17, 2010, Respondent UBS filed a Motion for Sanctions for Failure to Provide Privilege Log. An in-person pre-hearing conference was conducted on May 20, 2010. The FINRA Arbitration Panel considered all submissions and oral arguments and, after due deliberation, issued an Order dated May 24,2010, granting the Motion for Sanctions for Failure to Provide Privilege Log to the extent that Claimant was deemed to have waived all objections based upon attorney client privilege and/or confidentiality with respect to:
On or about July 15,2010, Respondent filed a Motion for Dismissal and Sanctions and following a conference conducted on October 8,2010, the Panel denied the Motions for Dismissal without prejudice. However, the Panel awarded Respondent all reasonable attorneys' fees, costs and expenses incurred between November 1, 2008 and October 1,2009 in defending against Claimants claims to the extent based upon the allegation that Claimants wife's was physically disabled.
The FINRA Arbitration Panel found that Claimant failed to prove his claims by a preponderance of the evidence and was liable to and ordered to pay to Respondent UBS
SIDE BAR: I dunno about you but I'm exhausted by this one. Not that there's anything even remotely funny here, but, you know, the Claimant filed this laundary list of allegations and sought a kitchen sink full of damages and, in the end, the Respondent walks away with some half a million bucks. Somewhere, somebody really miscalculated -- and it wasn't UBS.