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An East Coast investment firm is challenging a $95 million arbitration award to an Iowa family who claimed they received poor advice on short-selling Tesla stock. UBS Financial Services and managing director Andrew Burish argue that the punitive damages awarded were excessive and that the Hansens, who faced significant losses, were savvy investors aware of Tesla's volatility. The family alleges fraud and breach of fiduciary duty, claiming Burish misled them about his own investment strategy.
Leslie Hansen
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lawsuit seeks to overturn 95 million award in tesla investment case
UBS Group AG
Tesla, Inc.
USA
Noelle Hansen
Lindsey Hansen Valentini
Andrew Burish
Tyler Hansen
Nicholas Valentini
Jordan Nelson
Dennis Hansen
Elon Musk
Mark Kramer
Leslie Hansen
Bradley Nelson
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21:33 01.04.2025
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