NASD Arbitrators Scolded In Age Discrimination Case

Law360, New York (August 9, 2007, 12:00 AM EDT) -- A federal appellate court starkly asserted its power over arbitration proceedings Tuesday, vacating an arbitration panel's determination of attorneys' fees for being too low in a case in which the panel had found that age had been a factor in the plaintiff's firing.

A three-judge panel of the U.S. Court of Appeals for the Second Circuit found that Bernhard Porzig was entitled to attorneys' fees from his former employer both for the initial arbitration and for the subsequent litigation.

“It is apparent the panel failed to...
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