Can a securities arbitration award be overturned by a court?

Yes, a securities arbitration award can be overturned by a court in Kansas. According to Kansas Statute 58-4a14, the court has the discretion to modify or vacate (overturn) an arbitration award in certain circumstances. The court may overturn an award if it finds that the arbitrators were biased, exceeded their jurisdiction, violated public policy, or made a mistake or miscalculation in their decision. Further, the court may overturn an award if it finds that the arbitration proceedings were not conducted fairly, that the arbitrators acted arbitrarily and capriciously, or that the award does not adequately reflect the facts and law. In these cases, the court can request additional evidence or testimony, or modify or vacate the award. If the court decides that the award should be modified or vacated, the court is responsible for entering a new order to replace the original award. It should also be noted that even if the court does not overturn the award, it may still uphold the award, but modify the amount of damages awarded. This could still be beneficial to the parties involved in the arbitration, as the court could award an amount that is more or less than the original award. Overall, a securities arbitration award can be overturned by a court in Kansas, if the court finds that the arbitrators violated public policy or made a mistake in their decision. If the court decides to modify or vacate the award, it is tasked with entering a new order that replaces the original award.

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