What remedies are available to parties to a securities arbitration case?
In California, parties to a securities arbitration case have a number of remedies available to them. The most common type of remedy is an award of financial compensation. In this case, a court may order the responsible party to pay money damages to the other party in order to compensate them for any losses incurred as a result of the dispute. Another type of remedy is an order for injunctive relief, which instructs the responsible party to take certain steps. This can range from ordering an individual or company to cease a certain activity, or to change a particular policy or procedure. For example, a court may order an individual or company to cease engaging in fraudulent or deceptive practices. Finally, another type of remedy is an order for specific performance, which requires the responsible party to take certain actions in order to resolve the dispute. For example, a court may order the responsible party to transfer a certain amount of money or property from one party to the other, or to make a payment on a loan. Overall, the remedies available to parties to a securities arbitration case in California depend on the specifics of the particular dispute. Depending on the situation, a court may choose to award financial compensation, order injunctive relief, or order specific performance.
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