MUNICIPAL WORKERS COMP. v. MORGAN KEEGAN

1120532.

190 So.3d 895 (2015)

MUNICIPAL WORKERS COMPENSATION FUND, INC. v. MORGAN KEEGAN & COMPANY, INC., and Morgan Asset Management, Inc.

Supreme Court of Alabama.

Rehearing Denied September 30, 2015.


Attorney(s) appearing for the Case

Jere L. Beasley of Beasley, Allen, Crow, Methvin, Portis & Miles, PC, Montgomery; and Peter J. Mougey , Page A. Poerschke , and Laura S. Dunning of Levin, Papantonio, Thomas, Mitchell, Rafferty & Procter, P.A., Pensacola, Florida, for appellant.

Drayton Nabers, Jr. , Peter S. Fruin , and Donald F. Winningham III of Maynard, Cooper & Gale, P.C., Birmingham; George D. Sullivan of Greenberg Traurig, LLP, New York, New York; S. Lawrence Polk of Sutherland Asbill & Brennan, LLP, Atlanta, Georgia; and Terry R. Weiss of Greenberg Traurig, LLP, Atlanta, Georgia, for appellees.

Joseph P. Borg , Alabama Securities Commission, Montgomery, for amicus curiae Alabama Securities Commission, in support of the appellant.

Richard S. Frankowski and Robert E. Norton of burke, Harvey & Frankowski, LLC, Birmingham; and Adam M. Nicolazzo of Malecki Law, New York, New York, for amicus curiae Public Investors Arbitration Bar Association, in support of the appellant.

Charles M. Thompson , Birmingham and William A. Jacobson and Birgitta K. Siegel of Cornell Securities Law Clinic, Cornell Law School, Ithaca, New York, for amicus curiae Cornell Securities Law Clinic, in support of the appellant.

Bernard Harwood of Rosen Harwood, P.A., Tuscaloosa, for amicus curiae Business Council of Alabama, in support of the appellees.


Municipal Workers Compensation Fund, Inc. ("the Fund"), appeals from the Jefferson Circuit Court's order denying the Fund's motion to vacate a judgment entered on an arbitration award. We reverse and remand.

I. Facts and Procedural History

The Fund is a nonprofit corporation that administers a self-insured...

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