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“4th Circ. Affirms Sanctity Of FINRA Arbitration,” Law 360

December 12, 2016
Cory E. Manning , Adam Hegler

In an article published Dec. 12, 2016 in Law360, Columbia attorneys Cory Manning and Adam Hegler discuss the Fourth Circuit’s decision in UBS Financial Services Inc. v. Gary T. Padussis, in which the court upheld a lower court decision that parties who agree to arbitration and its rules will receive the benefit of that agreement. “Parties should not take arbitration rules lightly and hope for later exceptions if they fail to comply with deadlines,” the authors write. “According to the Fourth Circuit, courts will not create exceptions for parties that miss deadlines, and they will have little appetite for ‘legal ingenuity’ in challenges to arbitral awards. The message is clear: follow the rules and abide by the results.” Subscribers to Law360 can click here to view the full article.