Is there a time limit for filing an appeal of a securities arbitration decision?
Yes, there is a time limit for filing an appeal of a securities arbitration decision in California. The appeal must be filed within 75 days of the arbitration award being issued. In order to file an appeal, a person must first obtain a signed appellate petition from the American Arbitration Association (AAA). The requested relief from the appeal must be stated on the petition, as well as contact information for all parties involved. Once the appellate petition has been submitted, the other party will have 15 days to respond. After the response has been received, the appealing party has 30 days to file their brief. Following the filing of the brief, the opposing party will have 20 days to submit a response. All documents must be submitted to the AAA before the expiration of the 75-day deadline. If the deadline is not met, the decision of the arbitration panel will stand and can only be overturned by a court order.
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