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lawsuit seeks to overturn 95 million award in tesla investment case

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.
News From The States
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 Show more
Finance & Economy, Transcript
21:33 01.04.2025
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