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Ross Gilbert v. Salomon Smith Barney and Jack Grubman - 11/8/2005

Award Amount- $510,000.00

Case Summary: Ross Gilbert sued Salomon Smith Barney and Jack Grubman for violations of federal securities laws, fraud, breach of fiduciary duty and failure to disclose conflicts of interest relating to Jack Grubman's market research on WorldCom, Global Crossing and Flag Telecom. After a ten-day arbitration hearing a NYSE arbitration Panel sitting in Phoenix, Arizona held SSB and Grubman jointly and severally liable for losses totaling $510,000. The Panel also assessed all NYSE forum fees, totaling $33,900, against SSB.

Jeffrey L. Liddle

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