While “manifest disregard” may still be a viable basis for challenging an Award in New York State, that burden is very difficult to prove absent an explained Award,
FINRA staff acted within authority granted by the Code of Arbitration Procedure when they declined to extend the date for returning arbitrator rankings. And,
We covered this story on the arbitration side when it first broke in early 2014 (SAA 2014-12); this coming week, we will cover the legal side in full in SAC’s weekly online Litigation Alert (aka SOLA),
By George H. Friedman*
[The author thanks the Securities Arbitration Commentator for letting him borrow liberally from its Securities Arbitration Alert]
Arbitration law practitioners sometimes forget that the Federal Arbitration Act (“FAA”) does not by itself establish independent federal subject matter jurisdiction.
To continue our series of surveys on 2015 Awards, we next analyze punitive awards to claimants in Customer-Member Awards.
Here, the three big questions we ask are: How often?
Neither past service as arbitrator in a previous case involving one of the parties (which was disclosed to the parties), nor the number of cases that party had with the arbitration provider (which was not disclosed to the parties),