Media and News

Beverley Schottenstein

The Schottenstein Family And Elder Abuse

npr.com

WOSU

By All Sides Staff – Feb 24, 2021

Click here to listen to the Audio Interview on Radio WOSU

A financial industry arbitrator in early February sided with Beverley Schottenstein in an elder abuse case, ordering her two grandsons and JP Morgan Chase to pay her $19 million.

Evan and Avi Schottenstein handled their grandmother’s fortune, valued at more than $80 million, until JP Morgan let them go. Through their attorney, they said they acted in accordance with her wishes.

Guests:

  • Tom Schoenberg, senior reporter, Bloomberg News
  • Beverley Schottenstein, of Bal Harbour, Fla.,
  • Cathy Schottenstein Pattap, author of “Twisted: Conflict, Madness, and the Redemptive Power of a Granddaughter’s Love,” a book about her grandmother’s elder abuse trial, and an English teacher.
Beverley Schottenstein

Ex-J.P. Morgan Brokers Push for $4-Mln Settlement with Grandmother in Schottenstein Case

advisor hub

By Jake Martin –  July 1, 2021

Schottenstein SettlementTwo ex-J.P. Morgan Securities brokers claim their grandmother reneged on terms to resolve their high-profile, high-dollar intrafamily dispute and are seeking to enforce a $4 million settlement of the issues they say she wrongfully dragged back to court, according to new filings.

Retail matriarch Beverley B. Schottenstein, 95, earlier this month filed a motion in U.S. District Court in the Southern District of Florida to reopen the case to confirm her $19 million arbitration award, issued in February by three Financial Industry Regulatory Authority panelists against her grandsons and their former employer over alleged unauthorized trading in her account and elder abuse.

Evan A. and Avi E. Schottenstein, who are brothers, previously opposed their grandmother’s petition in court to confirm the award, which had held them jointly liable for $9.8 million of the award total. They sought in March to vacate it before an oral settlement was reached and the case had been administratively closed. Read more

Beverley Schottenstein

Schottenstein Settlement Talks Fizzle; Grandmother Reopens Case Against Ex-J.P. Morgan Brokers

advisor hub

By Jake Martin – June 9, 2021

Read the article on advisorhub.com

Nanny Schottenstein

Beverley B. Schottenstein, 94, of Bal Harbour, Florida, who in February won a Finra arbitration award for $19 million against her grandsons, Evan A. and Avi E. Schottenstein, and their former employer, J.P. Morgan Securities.

Negotiations have broken down to settle a multimillion dollar, intrafamily dispute between retail matriarch Beverley B. Schottenstein and her grandsons, former J.P. Morgan Securities brokers accused of unauthorized trading in her account and elder abuse, according to a court filing.

Attorneys for the nonagenarian petitioner on Tuesday filed a motion in U.S. District Court in the Southern District of Florida seeking to reopen the case to confirm her high-profile $19 million arbitration award, rendered in February by a panel of Financial Industry Regulatory Authority arbitrators against her grandsons, Evan A. and Avi E. Schottenstein, and their former employer.

A written agreement of settlement has failed to materialize despite an oral agreement the Schottensteins had reached in March, according to the filing. Read more