LINCOLN FINANCIAL ORDERED TO PAY DISMISSED BROKER $2 MILLION

Lincoln Financial Advisors Corp. must pay $2 million to a broker who alleged that his company fired him and then damaged his professional reputation, a securities arbitration panel ruled Wednesday. Jeffrey A. Concepcion, 45, a veteran broker and manager for Lincoln Financial Advisors, alleged he was fired after having arranged a business venture on behalf…

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$2 MILLION AWARD IN FINRA ARBITRATION FOR TERMINATED BROKER

Shannon Polk, Andrew Kabat, and Daniel Connell recently prevailed at a FINRA arbitration on behalf of their client, Jeffrey Concepcion, a prominent Cleveland financial advisor, against his former employer, Lincoln Financial Advisors, in the matter of Jeffrey Concepcion v. Lincoln Financial Advisors, et al., FINRA Case No. 08-04833.  Mr. Concepcion was terminated from his employment by Lincoln Financial…

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ANDY KABAT PREVAILED AGAINST HUSTLER IN FEDERAL COPYRIGHT INFRIGEMENT CASE

In a federal copyright infringement case filed on behalf of a local newsreporter, Andy Kabat obtained a jury verdict against LFP, Inc. The jury specifically found that Defendants’ Good Faith/Advice of Counsel defense to Plaintiffs’ copyright infringement claim was inapplicable. The federal lawsuit, which was filed in the United States District Court for the Northern…

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