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KASHNER DAVIDSON SECURITIES CORP. v. MSCISZ

No. 07-1231.

531 F.3d 68 (2008)

KASHNER DAVIDSON SECURITIES CORP.; Victor L. Kashner; Matthew Meister; Timothy Varchetto, Plaintiffs, Appellees, v. Steven MSCISZ; Mark Mscisz; Lynda Mscisz, Defendants, Appellants.

United States Court of Appeals, First Circuit.

Decided June 27, 2008.

Attorney(s) appearing for the Case

John A. Sten, with whom Jason C. Moreau, Greenberg Traurig, LLP, and William P. Corbett, Jr., were on brief, for appellees.

Richard J. Babnick Jr., with whom Marc J. Ross and Sichenzia Ross Friedman Ference LLP, were on brief, for appellant.

Before LIPEZ and HOWARD, Circuit Judges, and OBERDORFER, Senior District Judge.

LIPEZ, Circuit Judge.

Courts must accord substantial deference to the decisions of arbitrators. Nevertheless, there are limits to that deference. This case tests those limits in an appeal arising from a National Association of Securities Dealers, Inc. ("NASD") arbitration proceeding between defendants-appellants Steven Mscisz, Mark Mscisz, and Lynda Mscisz ("appellants" or "Mscisz") and plaintiffs-appellees Kashner Davidson Securities Corporation, Victor L. Kashner...

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