Are there any special rules concerning attorney fees in securities arbitration?

Yes, there are special rules concerning attorney fees in securities arbitration cases in Florida. Generally, the arbitration panel will determine the amount of attorney fees each party is responsible for, based on the facts of the case. Each party is usually responsible for their own attorney fees, unless the agreement in the arbitration states otherwise. In some cases, a party may be required to pay the attorney fees of the other party. This usually happens when the party bringing the claim does not have enough resources or financial means to pay for the attorney. It is also possible for the arbitrators to order that each party must pay their own attorney fees, even when one party has more resources than the other. Assuming the arbitration rules allow it, the panel may also grant each party a portion of their attorney fees. This is known as "reasonable attorney fees." The panel will consider factors like the complexity of the case, the amount of time spent on the case, the outcome of the case, and other relevant factors. When a party is awarded attorney fees, they will usually have to pay the attorney directly or receive reimbursement from the other party. When a party is responsible for their own attorney fees, they may receive a portion of the fees from the other party if the arbitration rules permit. Overall, the arbitration panel has a lot of discretion when it comes to awarding attorney fees in securities arbitration cases in Florida. Depending on the case, the panel may grant one party all, some, or none of the attorney fees.

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