How long will a securities arbitration hearing take?
The length of a securities arbitration hearing in California depends on several factors, such as the complexity of the case, how many parties are involved, and how many witnesses must be heard. Generally, a securities arbitration hearing can last anywhere from a few days to several weeks. In California, there are specific steps that must be followed in order for a securities arbitration hearing to take place. The process begins with an administrative conference, where both parties can present their arguments. After the conference, the arbitrator will determine if the dispute can be resolved without further proceedings. If not, the case will proceed to a hearing, where witnesses can be called, documents can be introduced, and both sides can make closing statements. The length of the hearing can be affected by how quickly the parties agree on the facts, how complex the case is, and how many witnesses are called to testify. Typically, the arbitration hearing should take no more than a couple days if all the parties involved are available and the case is simple. However, in more complex cases, the hearing may take several weeks. At the conclusion of the hearing, the arbitrator will make a decision which is expected to be issued within 90 days. Once the decision is issued, the parties must abide by it, and it is typically final and binding.
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