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UBS FINANCIAL SERVICES, INC. v. PADUSSIS

No. 15-2148.

842 F.3d 336 (2016)

UBS FINANCIAL SERVICES, INC., Petitioner-Appellant, v. Gary T. PADUSSIS, Respondent-Appellee.

United States Court of Appeals, Fourth Circuit.

Decided: November 22, 2016.

Attorney(s) appearing for the Case

ARGUED: Francis X. Dee , McElroy, Deutsch, Mulvaney & Carpenter, LLP, Newark, New Jersey, for Appellant. Edward Patrick McDermott, Sr. , Law Office of E. Patrick McDermott LLC, Annapolis, Maryland, for Appellee. ON BRIEF: Margaret L. Watson , McElroy, Deutsch, Mulvaney & Carpenter, LLP, New York, New York, for Appellant.

Affirmed by published opinion. Judge Wilkinson wrote the opinion, in which Judge King and Judge Harris joined.

Appellant UBS Financial Services ("UBSFS") challenges an arbitration award that, in practical effect, granted Gary Padussis over $900,000 in compensatory damages. The district court refused to disturb the award, and we now affirm its judgment. Any other result would open arbitration proceedings to a host of challenges over...

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