Is there a limitation on the amount of damages that can be awarded in a securities arbitration case?

Yes, there is a limitation on the amount of damages that can be awarded in a securities arbitration case in North Carolina. The North Carolina Securities Act limits the amount of damages that can be recovered in a securities arbitration to the greater of the actual damages or $50,000, whichever is greater. This limitation does not apply to punitive damages, which may be awarded in certain cases. In addition, there is a cap on the amount of attorney’s fees and expenses that can be awarded to a claimant in a securities arbitration. According to the North Carolina Securities Act, the fee and costs awarded to a claimant may not exceed 50 percent of the amount of the award to the claimant. As such, if a claimant is awarded $50,000, the maximum amount they can be awarded in attorney’s fees and costs is $25,000. Finally, it is important to note that in certain cases, the court may reduce or eliminate the award to a claimant, depending on the circumstances of the case. Therefore, it is important to speak with an attorney to understand the possible outcomes for your specific case.

Related FAQs

Is there a procedure for appealing a securities arbitration ruling?
What sanctions may be imposed in a securities arbitration case?
Are there any limits on what kind of awards can be given in a securities arbitration case?
Who pays for the costs of securities arbitration hearings?
How do I prepare for a securities arbitration hearing?
Do victims of securities fraud have the right to a jury trial?
What types of claims can be brought in a securities arbitration?
How do I choose an arbitrator for a securities arbitration claim?
Is there a difference between the standards of proof in arbitration and in court?
How binding is a securities arbitration decision?

Related Blog Posts

A Guide to Understanding Securities Arbitration Law - July 31, 2023
Navigating Your Securities Arbitration Case: Step-by-Step Guide for Investors - August 7, 2023
Securities Arbitration: How to Make the Most of Your Claim - August 14, 2023
Securities Arbitration 101: Understanding the Basics of Investor Claims - August 21, 2023
Explaining the Role of Arbitrators in the Securities Arbitration Process - August 28, 2023