What remedies are available to parties to a securities arbitration case?

In Alabama, parties to a securities arbitration case have multiple remedies available to them. Remedies can include ordering a party to pay damages, ordering specific performance, awarding attorneys’ fees, issuing injunctions or restraining orders, and/or awarding punitive damages. When it comes to damages, parties may receive damages for their losses including out-of-pocket losses, consequential and proximate damages, and punitive damages. Out-of-pocket losses refer to direct financial losses suffered due to fraudulent activity while consequential and proximate damages may include damages due to lost profits, mental anguish, and interest. Punitive damages are used to punish malicious behavior, deter the offender from similar acts, and serve as an example to the public. If a party does not comply with the terms of the securities arbitration, a court may order specific performance of the terms of the arbitration. This means that the party would be legally compelled to perform the prescribed actions. Additionally, a court may order the party to pay attorneys’ fees if the court finds that the party engaged in improper or unethical behavior. An injunction or restraining order may also be issued in order to require one of the parties to stop taking action or performing activities that are detrimental to the other party. Finally, punitive damages may also be awarded in order to punish the wrongdoer and deter them from engaging in similar activities in the future.

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What remedies are available to parties to a securities arbitration case?

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