Anantharaman et. al. v. Opulent Fund, et. al.
Our attorneys tried a three-week “bellwether” AAA arbitration in defense of Charles Schwab & Co. against claims by over 100 hedge fund investors who claimed that Schwab failed to oversee trading and reporting by hedge funds custodied at Schwab. A “bellwether” group of eight representative plaintiffs were selected for this first phase trial. At the end of the proceeding, the panel of three arbitrators unanimously decided to dismiss all claims against Schwab. As a result, the remaining claimants dismissed their claims.