An NASDR arbitration panel has ruled against Franklin Templeton of San Mateo, Calif. in an arbitration case filed in 1999 against the fund adviser by Daniel Calabria, a former fund executive.

In settlement of the arbitration, Franklin Templeton has been ordered to pay $458,208 in back compensation to Calabria, in addition to retroactive interest dating back to1992 and some related administrative fees.

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