Beware of Release Agreements

A former Wells Fargo customer and current client of D’Costa Law, P.C. located in Provo, Utah is asking a court to overturn an arbitration panel ruling denying a $2.5 million damage claim against Wells Fargo.

As published in numerous news articles and public court documents, Kenneth Grover is challenging a recent FINRA award where the arbitration panel exceeded its authority by granting Wells Fargo’s motion to dismiss without allowing him to testify at a hearing.  The panel issued its ruling unanimously in September after finding that Grover had previously signed a release agreement waiving all claims against the Wells Fargo.  However, as stated in Grover’s petition to vacate papers, the release agreement is invalid because he was “improperly induced” to sign the agreement by his former broker, Scott W. Reed , who is now barred from the industry.[1]

Investors who have suffered losses are encouraged to contact us at 1(516) 526 3082 or daniel.dcosta@danieldcostaesq.com for consultation. At D’Costa Law, P.C. our attorneys and staff are experienced in representing investors who have suffered securities losses due to the mishandling of their accounts. Claims may be brought in securities arbitration before FINRA. Our consultations are free of charge and the firm is only compensated if you recover.

[1] https://www.advisorhub.com/finra-bars-ex-wellsbroker-who-raised-3-5-mln-for-software-company/