Levinthal v. First Republic Securities Company, LLC

N/A

OUTCOME: $2.17 million Award

$2.17 million Award for clients who sustained losses in a complex municipal arbitrage bond fund. The clients alleged that the fund was unsuitable for them and that the firm that recommended and sold th ... e investment had failed to perform proper due diligence. The award is notable for awarding the full amount of the clients' damages, including out-of-pocket losses and arbitration expenses.