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

No. Civ.A. 02-1408.

274 F.Supp.2d 701 (2003)

MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC., Plaintiff, v. Douglas T. MILLAR and Deborah L. Millar, Defendants.

United States District Court, W.D. Pennsylvania.

May 20, 2003.

Attorney(s) appearing for the Case

Richard R. Nelson, II, Anthony Cillo, Cohen & Grigsby, Pittsburgh, PA, Todd D. Brody, Christopher P. Hall, Morgan, Lewis & Bockius, New York, NY, for Plaintiff.

Robert B. Sommer, James L. McKenna, Jr., Hergenroeder, Rega & Sommer, Pittsburgh, PA, for Defendants.

MEMORANDUM OPINION

CERCONE, District Judge.

I. INTRODUCTION

Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill Lynch") brings this action under the Federal Arbitration Act ("FAA"), 9 U.S.C. § 1 et seq., to vacate the award of the JAMS Endispute arbitration panel in favor of Douglas T. Millar and Deborah L. Millar (the "Millars") in the amount of $7,741,305.00. Following eight (8) days of hearing before a panel composed of retired...

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