Schwab Wins Battle Over Confirmation of FINRA Arbitration Award Predicated on Alleged Discovery Abuses

Charles Schwab & Co. successfully petitioned the Southern District of New York for confirmation of a FINRA arbitration award against one of its account holders, fending off challenges predicated on Schwab’s alleged discovery abuses in the process.

The Evan K. Halperin Revocable Living Trust initiated arbitration against Schwab through FINRA’s dispute resolution office. The trust alleged that certain security features of the schwab.com trading platform caused the trust to be logged out of its schwab.com account without explanation while attempting to execute various options trades. The trust alleged that these unexplained interruptions in service caused approximately $1.5 million in losses for which Schwab was liable…

Read the complete story here.

Featured Arbitrators

ad
View all

Read these next

Category

The Arbitration Conversation No. 36: Mirèze Philippe Special Counsel ICC International Court of Arbitration

In this episode of the Arbitration Conversation Amy interviews Mirèze Philippe, Special Counsel at the International Court of Arbitration, International Chamber of Commerce, on gender diversity in arbitration. https://youtu.be/6URk_FvjHX0

By Mirèze Philippe, Amy Schmitz
Category

Arbitration Conversation No. 64: Richard Ormond and Jake Stango of ejudicate.com

In this episode of the Arbitration Conversation Amy interviews Richard Ormond and Jake Stango, the founders of ejudicate.com, an online arbitration service provider (a new ODR start-up) based in Los...

By Richard Ormond, Jake Stango, Amy Schmitz
Category

Canada – Parallel Proceedings Insufficient to Justify Disregard of Arbitration Agreement

In Travelers Insurance Company of Canada v Greyhound Canada Transportation, 2022 QCCQ 4746, Justice Davignon declined jurisdiction over part of a dispute – the Plaintiffs sued the Defendants for recovery of damages as...

By Eric Bédard

Find an Arbitrator

X
X
X