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SAROFIM v. TRUST COMPANY OF THE WEST

No. 05-20309.

440 F.3d 213 (2006)

Valerie Biggs SAROFIM, Plaintiff-Appellee, v. TRUST COMPANY OF THE WEST, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

February 8, 2006.

Attorney(s) appearing for the Case

John Lee Dagley, Justin M. Campbell, III, Campbell, Harrison & Dagley, Houston, TX, for Sarofim.

D. Todd Smith, Fulbright & Jaworski, Austin, TX, Robert Stanford Harrell, Fulbright & Jaworski, Houston, TX, for Defendant-Appellant.

Before GARWOOD, BENAVIDES and OWEN, Circuit Judges.

BENAVIDES, Circuit Judge:

The Appellant, Trust Company of the West ("TCW"), asks this Court to vacate an arbitration award for punitive damages. TCW argues that the arbitrators manifestly disregarded applicable law and violated public policy in granting the award. We disagree and hold that vacatur is not required. Therefore, we affirm.

I. FACTUAL AND PROCEDURAL BACKGROUND

In July 2000, the Appellee, Valerie Biggs Sarofim ("Sarofim"), invested...

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