Is a securities arbitration award subject to judicial review?
Yes, a securities arbitration award is subject to judicial review in California. Judicial review is a process where a court reviews an arbitration award to determine if it was properly issued according to the law. Under California law, a court may review an arbitration award if there are grounds to set the arbitration award aside. As an example, a court may set aside an arbitration award if the award was procured by corruption, fraud, undue means, or any other irregularity. Additionally, a court may set aside an arbitration award if the parties to the award wer not given an opportunity to provide evidence or argument, or if the award was in manifest disregard of the law. However, a court reviewing a securities arbitration award in California has a limited scope of review. This means that the court may only review the award for narrow grounds of setting aside the award, such as those outlined above. The court will not review the evidence or arguments presented in the arbitration proceedings, or re-decide the merits of the case. Overall, a securities arbitration award in California is subject to limited judicial review to ensure that the arbitration award was properly issued in accordance with the law.
Related FAQs
What happens if the parties to a securities arbitration case do not agree to a settlement?What is the effect of the statute of frauds on a securities arbitration award?
How are the costs of securities arbitration disputes divided?
What happens if a party fails to comply with a securities arbitration award?
What is the process for appealing a securities arbitration decision?
Is there a limitation on the amount of damages that can be awarded in a securities arbitration case?
What types of damages can be awarded in a securities arbitration case?
Are there any special rules for discovery in a securities arbitration case?
Is there a right to a jury trial in a securities arbitration case?
Is there a special set of rules for securities arbitration proceedings?
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