Are Arbitrators Stingier Than Trial Court Judges?
Payback in FINRA Arbitration
Bill Singer comments about a FINRA (Financial Industry Regulatory Authority) arbitration in the June 20, 2012 on-line edition of Forbes, under the heading, “Former Morgan Stanley Smith Barney Brokers Win $5 Million Employment Dispute Arbitration Award.” We surmise some of the conduct may have occurred in California, because the Respondent was also ordered to pay $354,816.54 in attorneys’ fees pursuant to California Civil Code Section 1717 (contract provides for fees to party prevailing on contract cause of action).
Both Sides Declare Victory in JAMS Arbitration
In another arbitration, JAMS awarded the Marin General Hospital Corporation $21.6 million in a dispute with Sutter Health, and $721,000 to Sutter Health. Evidently Marin General Hospital Corporation’s claims were larger still, for both sides are reported to declare themselves pleased with the outcome. So reports the June 20, 2012 edition of the San Anselmo-FairfaxPatch.
The arbitrator was retired Judge Rebecca Westerfield.
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