Is it possible to have a securities arbitration award overturned?

Yes, it is possible to have a securities arbitration award overturned in Florida. In general, the process to overturn an arbitration award is to file a motion to vacate, modify, or correct the award with the court. If the motion is granted by the court, then the award is vacated or modified. The first step to have an arbitration award overturned is to demonstrate that the underlying arbitration was flawed. If the court finds that there was a lack of due process in the arbitration, such as the arbitrator failing to grant adequate opportunity for discovery or the arbitrator failing to issue a timely award, then the court may overturn the award. A party may also have an arbitration overturned if there is evidence of fraud, misconduct, or bias on the part of the arbitrator. If the arbitrator fails to consider the relevant evidence or the rule of law, the court may also reverse the award. Ultimately, the decision whether to overturn an arbitration award is up to the discretion of the court in Florida. The court will decide whether there is legal justification to overturn the award. If there is, the award will be overturned.

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