{"id":1227,"date":"2013-04-08T13:51:22","date_gmt":"2013-04-08T13:51:22","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/04\/previous_dissent_by_arbitrator"},"modified":"2022-03-10T16:33:41","modified_gmt":"2022-03-10T22:33:41","slug":"previous-dissent-by-arbitrator","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/previous-dissent-by-arbitrator\/","title":{"rendered":"Previous Dissent by Arbitrator is Not Reason to Vacate Award Morgan Keegan Was Ordered to Pay Investors, Says District Court"},"content":{"rendered":"

\t\t\t\tThe U.S. District Court for the Middle District of Florida is holding that an arbitration award granted to investors cannot be vacated under the Federal Arbitration Act just because an arbitrator exhibited obvious partiality when failing to reveal that he wrote a dissent in an unrelated arbitration that allegedly showed he had prejudged issues of law. The securities case is Antietam Industries Inc. v. Morgan Keegan & Co.<\/em><\/p>\n

Petitioners Antietam Industries Inc., Janice Warfel, and William Warfel contend they sustained financial losses over their RMK fund investments. In 2011, they filed a Financial Industry Regulatory Authority arbitration case claiming that their money was lost because Morgan Keegan had made misrepresentations while failing to disclose how risky the funds were.<\/p>\n

Last year, the panel awarded the petitioners $100,000 in compensatory damages and $100,000 in punitive damages, plus fees and interest, for negligence, breach of fiduciary duty, and other claims. When they sought to confirm the award, Morgan Keegan submitted a motion to vacate, pointing to FAA and contending that arbitrator Christopher Mass allegedly showed partiality and “misbehavior” with his failure to disclose his previous dissent. The court, however, rejected Morgan Keegan’s argument, saying it was not convinced that Mass was predisposed or had prejudged. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. District Court for the Middle District of Florida is holding that an arbitration award granted to investors cannot be vacated under the Federal Arbitration Act just because an arbitrator exhibited obvious partiality when failing to reveal that he wrote a dissent in an unrelated arbitration that allegedly showed he had prejudged issues of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3798,3752,3739,3858],"tags":[],"class_list":["post-1227","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-financial-firms","category-finra","category-morgan-keegan"],"yoast_head":"\nPrevious Dissent by Arbitrator is Not Reason to Vacate Award Morgan Keegan Was Ordered to Pay Investors, Says District Court — Investor Lawyers Blog — April 8, 2013<\/title>\n<meta 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