What is the scope of a securities arbitration award?
In Oregon, a securities arbitration award is the legal document setting forth the decision in an arbitration case involving securities. The purpose of securities arbitration is to resolve disputes between investors and financial firms without going to court. The award states the amount, if any, that must be paid by either party to the other. The scope of a securities arbitration award depends on the particular dispute and the agreement of the parties. Generally, the award is limited to a monetary amount and cannot include non-monetary relief such as damages for emotional distress or punitive damages. The award can also be limited to actual losses suffered, or it can include lost dividends, taxes, or interest. The award may also include fees, costs, and expenses involved with the arbitration proceeding. This can include the costs of expert witnesses, document production, filing fees, and the arbitrators’ fees and expenses. The award may also include attorney’s fees and costs, but only upon a showing that the attorney’s fees and costs were reasonable and necessary. The award also states the time period in which the award must be satisfied. For example, the award may require that the parties pay the amount awarded within thirty days. The award may also include other terms if the parties agreed to them.
Related FAQs
What types of damages can be awarded in a securities arbitration case?Is there a procedure for appealing a securities arbitration ruling?
What is the process for appealing a securities arbitration decision?
What is the difference between an arbitration hearing and a regular court hearing?
How do I initiate a securities arbitration claim?
Are there any special rules for discovery in a securities arbitration case?
Are there any limits on what kind of awards can be given in a securities arbitration case?
Are there any restrictions on the ability of a securities arbitration panel to award attorney fees?
Is there any way to avoid the costs associated with securities arbitration?
What sanctions may be imposed in a securities arbitration case?
Related Blog Posts
A Guide to Understanding Securities Arbitration Law - July 31, 2023Navigating Your Securities Arbitration Case: Step-by-Step Guide for Investors - August 7, 2023
Securities Arbitration: How to Make the Most of Your Claim - August 14, 2023
Securities Arbitration 101: Understanding the Basics of Investor Claims - August 21, 2023
Explaining the Role of Arbitrators in the Securities Arbitration Process - August 28, 2023