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Thursday, April 25, 2024 | Back issues
Courthouse News Service Courthouse News Service

Wash. Court Of Appeals

FRAUD, FIDUCIARY DUTY - The appeals court affirmed in part a ruling that a securities broker waived his right to arbitration in a case accusing him of advising a 75-year-old man to buy investments that nearly depleted all of his liquid assets. The broker also induced the client to loan him money to buy a home at a very low interest rate and then defaulted on the loan. When the elderly man died, his estate alleged breach of fiduciary duty, securities fraud, and other violations. See ruling.

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