Appeals Court Backs Wachovia In Arbitration Dispute

Law360, New York (April 2, 2007, 12:00 AM EDT) -- An appeals court has affirmed a lower court's dismissal of a case brought by a financial advisor against Wachovia Securities LLC alleging that arbitrators had exceeded their authority.

The U.S. Court of Appeals for the Eighth Circuit said in a ruling filed Friday that Michael J. Riddle had failed to meet his burden to support vacating an arbitration award decided by the National Association of Securities Dealers.

The decision affirmed a ruling in December 2005 by Judge Richard G. Kopf of the U.S. District Court for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.