“Second Circuit Affirms Southern District of New York’s Denial of Investment Banker’s Motion to Vacate FINRA Arbitration Award for the Arbitration Panel’s Alleged ‘Manifest Disregard of the Law’”

Stephen J. Steinlight, Christoper Bascom, Thomas Jonathan Turner and Megan Burns of Troutman Pepper have this article in Lexology, discussing the Second Circuit’s decision in Jefferies LLC v. Gegenheimer, in which the court affirmed the ongoing theoretical vitality of the “manifest disregard of the law” ground for vacating an arbitration award, but reminding litigants of the high bar necessary to satisfy the standard.

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