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Stockhausen v Citigroup Global Markets (SSB), Jack Grubman - $452,363 Award

In May 2006, an NASD arbitration panel in Chicago, IL ordered Citigroup to pay Joseph and Karen Stockhausen $325,000 in compensatory damages, $97,500 in attorneys' fees and $29,863.64 in costs. Dr. McCann testified that the exercise and hold strategy for handling non-qualified stock options is almost always unsuitable, that Jack Grubman manipulated his valuation methodologies to double his valuation on WorldCom in the face of deteriorating fundamentals at WorldCom and that the Stockhausens suffered $325,000 in market adjusted losses.

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Craig J. McCann
Principal703.246.9381