Palmer, Lombardi & Donohue Obtains an $800,000 FINRA Arbitration Award for UBS Financial Services
Partner Devin A. Donohue of Palmer, Lombardi & Donohue LLP represented UBS Financial Services Inc. (UBS) against a former UBS broker who failed to repay approximately $800,000 he owed to UBS after leaving the firm. UBS filed suit against the broker in FINRA arbitration, and the broker, through his counsel asserted various employment counterclaims seeking more than $3 million in damages from UBS. Mr. Donohue secured from the panel a full principal arbitration award plus interest and a dismissal of the broker’s seven figure counterclaims in their entirety. The broker subsequently paid UBS in full for all principal and interest owed on the award.