An investment dispute arbitration ruling in favor of Goldman Sachs has been reinstated by a federal appeals court after being vacated because an arbitrator did not disclose his full disciplinary history to the parties.
Originally, the trial court sided with Athena Venture Partners in its request for a new Financial Industry Regulatory Authority arbitration hearing after an investigation by the firm revealed that arbitrator Demetrio S. Timban did not disclose the full extent to which he engaged in the unauthorized practice of law.
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