Attorney Michael G. Brown's Legal Cases

Arbitration

CBOE Arbitration - Customer Dispute

Feb 08, 2016

OUTCOME: Award for Claimants - $5,405,958.96

•Decisive $5.4 million award in a hotly contested CBOE arbitration. Represented by Mr. Brown and partner Parker Young, the Claimants sought to recover over $4 million earned from trading activities con ... ducted through Respondents’ CBOE registered operations. Claimants’ contended that their trading accounts were wrongfully confiscated by Respondents contrary to CBOE rules and applicable law. The arbitration took place in Chicago, Illinois, included 8 hearing sessions covering 6 days, and included the testimony of at least 8 witnesses before a three person CBOE arbitration panel. The final award issued entitles Mr. Brown’s clients to damages against each of the Respondents totaling $5,405,958.96, plus post-judgment interest. The amounts awarded included (1) Compensatory damages and pre-award interest - $3,860,265.00; (2) attorneys’ fees - $1,182,205.00; (3) punitive damages - $360,488.96; and (4) forum fees - $3,000.00.

Arbitration

FINRA Arbitration - Customer Dispute

Sep 08, 2015

OUTCOME: $65,250 award

•Successful defense of FINRA arbitration filed by customer against broker and firm. Claimant asserted multiple causes of action against Mr. Brown’s clients including theft; securities fraud; negligence ... ; breach of fiduciary duty; violations of FINRA Rules of Conduct; violations of the Texas Securities Act; and a failure to supervise. The causes of action related to Claimant's allegations that Respondents withdrew funds from claimant's retirement account without claimant’s permission or knowledge. The claimant sought damages of approximately $1 million, plus attorneys’ fees of over $300,000, interest, and costs. After 25 hearing sessions covering 11 days before a three person FINRA arbitration panel, a final award of only $65,250 issued.

Employment and labor

Declaratory judgment, breach of contract, and resitution action

Nov 20, 2013

OUTCOME: Judgment affirmed on Appeal

Court of Appeal's opinion affirming in full the trial court award of damages, attorneys’ fees, prejudgment interest, and post judgment interest against a former independent contractor/sales representat ... ive. http://caselaw.findlaw.com/tx-court-of-appeals/1650556.html

Oil and gas

Natural gas processing plant ownership interest dispute

Aug 17, 2010

OUTCOME: Opinion affirming summary judgment

Court of appeals opinion affirming trial court summary judgment resolving ownership of interests in natural gas processing plant. http://caselaw.findlaw.com/tx-court-of-appeals/1535496.html

Arbitration

FINRA Arbitration - Member Dispute, Alleged Theft of Trade Secrets

Nov 20, 2006

OUTCOME: Take nothing award in favor of Respondents

•Successful defense against charges of theft of trade secrets and confidential information. The claimant sought damages in excess of $5 million. After a six-day arbitration, the Arbitration Panel rejec ... ted all of the Claimant' s claims.

Michael G. Brown's Legal Cases (5)

CBOE Arbitration - Customer Dispute

FINRA Arbitration - Customer Dispute

Declaratory judgment, breach of contract, and resitution action

Natural gas processing plant ownership interest dispute

FINRA Arbitration - Member Dispute, Alleged Theft of Trade Secrets