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 Kansas. Under Kansas securities law, a claimant in a securities arbitration case may be awarded a maximum of $150,000 in damages. This amount includes both compensatory and punitive damages. This cap on damages applies to both individual securities arbitrations as well as class action suits. This ceiling on damages in Kansas is relatively low compared to other states. Several states have much higher caps on damages, ranging from $250,000 to $500,000. These higher caps are in place to help protect investors from unfair losses. However, Kansas chose a lower cap to encourage more efficient and low-cost securities arbitration proceedings. In addition, the lower cap on damages is also intended to keep disputes between investors and securities firms out of the courtroom. In any event, the damages awarded in a securities arbitration case in Kansas are limited to the maximum of $150,000. This limit applies regardless of the amount of investor losses. Despite this, the investor may still receive compensatory damages or other forms of relief that are awarded by the arbitrator. Therefore, even though there is a cap on the amount of damages that can be awarded in a securities arbitration case in Kansas, investors may still be able to obtain the relief they deserve.
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