DeSilva v. First Union Securities, Inc.
Case Details
- Judge(s)
- William C. Conner
- Status
- Published
- Procedural Posture
- appeal
- State
- New York
- Circuit
- 2nd Circuit
Related Laws
No specific laws identified for this ruling.
Claim Types
Outcome
The court denied petitioner's motion to vacate the arbitration award and granted respondent's cross-motion to confirm the award. The arbitrators did not exceed their authority by allowing respondent to present evidence that the stock was marginable, and petitioner was not entitled to seek amended 1099 relief beyond the scope of the arbitration submission.
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