The U.S. Court of Appeals for the Third Circuit reversed a Western District of Pennsylvania judge’s decision to vacate an arbitration award, making it the fourth time that the appeals court has weighed in on Arthur J. Schwab’s judgment over the course of a year.
In the opinion issued by the Third Circuit last week, the court disagreed with Schwab’s move to vacate an arbitrators’ award of over $500,000 to Merrill Lynch after a former employee forfeited her right to make claims for compensation in a 2009 ERISA settlement.
