Do securities arbitration awards require payment of costs and attorney fees?

In Tennessee, the answer to this question is generally yes, securities arbitration awards may require payment of costs and attorney fees. The Tennessee Securities Act of 1980 allows for an award of costs and attorney fees to a successful claimant in a securities arbitration. This award would be made by the panel of arbitrators hearing the case. This award could be made for any reasonable costs incurred by the claimant related to the arbitration. This could include expenses like filing fees, costs of witnesses, travel expenses, or any other costs that are necessary for the arbitration process. Additionally, the successful claimant may be entitled to an award of attorney fees if they have hired an attorney to help with the case. The amount of attorney fees awarded will vary depending on the specifics of the case and the amount of time and effort expended by the attorney. Ultimately, the award of costs and attorney fees in a securities arbitration is at the discretion of the arbitrators. They will consider what is reasonable under the circumstances, and could award an amount that differs from what was requested by the successful claimant.

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Do securities arbitration awards require payment of costs and attorney fees?

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