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DVC-JPW INVESTORS v. GERSHMAN

No. 92-2688.

5 F.3d 1172 (1993)

DVC-JPW INVESTORS, Appellee, v. Norman H. GERSHMAN, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided October 1, 1993.

Rehearing Denied November 4, 1993.

Attorney(s) appearing for the Case

John R. Dorgan, Minneapolis, MN, for appellant.

Randy G. Gullickson, Minneapolis, MN (Kurtis A. Greenley, on brief), for appellee.

Before BEAM, Circuit Judge, ROSS, Senior Circuit Judge, and MORRIS SHEPPARD ARNOLD, Circuit Judge.

BEAM, Circuit Judge.

Gershman appeals from the district court's1 confirmation of a $65,464.00 arbitration award in favor of DVC-JPW Investors ("DVC-JPW"). We affirm.

I. BACKGROUND

The dispute in this case resulted from an unauthorized sale of stock belonging to DVC-JPW. In May 1989, DVC-JPW initiated arbitration proceedings against Bear, Sterns & Co., Inc., ("Bear Sterns") the clearing broker with whom DVC-JPW maintained...

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