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Lawsuit challenges Iowans’ $95 million award over Tesla investment

Summary by Iowa Capital Dispatch

(Photo by krisanapong detraphiphat/Getty Images) An East Coast investment firm is attempting to overturn a portion of an arbitrator’s award of $95 million to an Iowa family that claimed it was given bad advice on short-selling Tesla stock. UBS Financial Services and one of its managing directors, Andrew Burish, are suing a group of nine New Hampton, Iowa, residents in U.S. District Court, all of whom are former UBS customers, and most of whom a…

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Iowa Capital Dispatch

Lawsuit challenges Iowans’ $95 million award over Tesla investment

(Photo by krisanapong detraphiphat/Getty Images) An East Coast investment firm is attempting to overturn a portion of an arbitrator’s award of $95 million to an Iowa family that claimed it was given bad advice on short-selling Tesla stock. UBS Financial Services and one of its managing directors, Andrew Burish, are suing a group of nine New Hampton, Iowa, residents in U.S. District Court, all of whom are former UBS customers, and most of whom a…

5 days ago

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Iowa Capital Dispatch broke the news in 5 days ago on Tuesday, April 1, 2025.

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