FINRA Awards Ex-Questar Broker $3M In Defamation Case

Law360, New York (January 18, 2012, 8:01 PM EST) -- The Financial Industry Regulatory Authority Inc. on Friday hit Questar Capital Corp., the broker-dealer unit of Allianz Life Insurance Co. of North America, with $3.25 million in damages after a former broker accused the company of defamation and breach of contract.

A FINRA arbitration panel awarded former Questar employee Thomas J. Gorter $3,251,907 in compensatory damages for his claims of tortious interference with contractual relationship, breach of contract, negligence and defamation.

The panel also awarded Gorter 12 annual percent interest on the damages, beginning Dec. 14, and $49,000 in costs. The arbitrators denied his request for punitive and exemplary damages, as...

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