Abandon all hope, ye who seek to overturn an arbitration award, because the 5th U.S. Circuit Court of Appeals has ruled that manifest disregard of the law by arbitrators is no longer a ground for vacatur under the Federal Arbitration Act. Dallas solo Brady Sparks represents Debra Bacon in Citigroup Global Markets Inc. v. Bacon.
Manifest Destiny: 5th Circuit Nixes Manifest Disregard as Ground for Vacatur of Arbitration Awards
March 16, 2009