Posts tagged Diversity Jurisdiction Over FINRA Award Based on Demand.
The Fifth Circuit Bar Association's summary reports: "Appellants were investors who suffered financial losses as a result of R. Allen Stanford's Ponzi scheme. In their arbitration complaint, they sought $80 million in damages. After a two week hearing, a Financial Industry Regulatory Authority panel rejected Appellants' claims, but it awarded them $10,000 in compensation for certain arbitration-related expenses. "On November 7, 2014, Appellee filed, pursuant to Section 9 of the Federal Arbitration Act, a motion to confirm the arbitration award. Because the arbitration ...
Posted in: FINRA
Tags: burr forman, Diversity Jurisdiction, Diversity Jurisdiction Over FINRA Award Based on Demand, fifth circuit, Fifth Circuit Bar Association, securities litigation, Securities Litigation & Arbitrarion blog, Securities Litigation & Arbitration