Case no. 23-01288
Louis R. Deluca, Elizabeth Deluca and UBS, Inc. v Stifel, Nicolaus & Co., Inc.
Erez Law obtained an Award of 14.2M, which included damages under Florida Statutes 517 – the Florida Securities Act as well attorneys’ fees, costs, and $9 million in punitive damages. The claim was based on the sale of structured notes and the management of a discretionary account. Erez Law obtained critical text message evidence which supported our clients’ claims. Erez Law represents 15 clients of broker Chuck Roberts in 15 separate arbitration cases. The case is notable in that the arbitrators found a violation of the Florida Securities Act and awarded significant punitive damages against Stifel, Nicolaus & Co., Inc.
