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LYBRAND v. MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC.

No. 2446.

467 S.E.2d 745 (1996)

Christine LYBRAND, Respondent, v. MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC., and Norman T. Covar, Appellants.

Court of Appeals of South Carolina.

Filed January 22, 1996.

Rehearing Denied March 21, 1996.

Attorney(s) appearing for the Case

Stephen P. Groves and H. Michael Bowers, Young, Clement, Rivers & Tisdale, Charleston, for appellants.

O. Grady Query, Phillip A. Middleton and Randall H. Johnson, Charleston, for respondent.

HOWELL, Chief Judge.

This is an appeal from an order of the circuit court confirming an arbitration award. The sole issue on appeal is whether the circuit court erred in affirming the arbitration award to the extent it assessed attorney's fees against Merrill, Lynch, Pierce, Fenner & Smith, Inc. (Merrill, Lynch) and Norman T. Covar (Appellants). We reverse.

FACTS

Christine Lybrand opened a securities account at Merrill, Lynch in March of 1981...

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