FREDERIC HUNTER DEVINNEY is currently employed as a Broker and/or Investment Adviser at AMERICAN INVESTORS COMPANY located at 1655 N. MAIN STREET, STE. 270, WALNUT CREEK, CA, 94596.
FREDERIC HUNTER DEVINNEY has worked at AMERICAN INVESTORS COMPANY since March 28, 1994
FREDERIC HUNTER DEVINNEY has 2 Disclosure Event(s).
Date: August 01, 1994 Category: Customer Dispute Allegations: CUSTOMER FILED SUIT ALLEGINGMISREPRESENTATION, NEGLIGENCE AND WRONG DOING IN CONJUNCTIONWITH A NUMBER OF LIMITED PARTNERSHIP INVESTMENTS MADE BETWEEN1982 AND 1985. ASKING FOR DAMAGES OF $250,000. Damage Amount Requested: $250,000.00 Settlement Amount: $50,000.00 Broker Comment: A SETTLEMENT WAS OFFERED BY MY ERRORS &OMMISSION CARRIER FOR $50,000 IN A NON-BINDING ARBITRATIONHEARING. THEY IN CONJUNCTION WITH MY ATTORNEY, REASONED THATDISCOVERY & TRAIL WOULD COST THAT MUCH. I COULD EITHER AGREE TOTHIS SETTLEMENT OR I WAS ON MY OWN FOR ANYTHING OVER THISAMOUNT IF I PURSUED MY STRONG DESIRE TO FIGHT THIS CASE.THEREFORE, I HAD NOTHING TO GAIN, BUT WAS TOTALLY AT RISK FORALL COSTS IN ONGOING DEFENSE OVER THE SETTLEMENT OFFERED.Not Provided
Date: January 01, 1983 Category: Customer Dispute Allegations: WHILE THE ORIGINAL LETTER FROM ATTORNEYALLEGED NEGLIGENCE, MISREPRESENTATION ETC. WITH CLAIMS FOR ASMUCH AS $300,000 AGAINST MYSELF AND AMERICAN INVESTORS CO., ANOFFER TO SETTLE FOR $10,000 WAS QUICKLY MADE BY MY CLIENTSATTORNEY. WE REJECTED ANY PAYMENT OF ANY NATURE TO THIS CLIENT. Damage Amount Requested: $300,000.00 Settlement Amount: $25,000.00 Broker Comment: MY E&O CARRIER BECAME INVOLVED & ONCE THEY WEREKNOWN MY CLIENTS ATTORNEY BECAME MORE AGGRESSIVE. SETTLEDWITHOUT ANY DEPOSITION OR RESPONSE BY MYSELF OR AMERICANINVESTORS FOR $25,000 OVER MY STRONG ADVICE TO MY INSURANCECARRIER NOT TO GIVE IN. EXPEDIENCY ON THEIR PART RULED.Not Provided
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