Unsettled questions of law regarding arbitration were before the U.S. District Court for the Eastern District of Pennsylvania in a case arising from an investor’s multimillion-dollar loss with Bear Stearns, now JPMorgan Securities, after the companies’ 2008 merger.

A federal judge answered them with “extreme” deference to the arbitration board, which had sanctioned Laurence Stone and thrown out his $7.6 million claim. U.S. District Judge Legrome D. Davis looked to recent opinions from the U.S. Court of Appeals for the Third Circuit and chose to set a high bar for evidence of an arbitrator’s partiality and chose to set a stringent standard for a petitioner’s waiver of his right to raise claims against the board after its decision.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]