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CITIGROUP GLOBAL MARKETS, INC. v. BACON

No. 07-20670.

562 F.3d 349 (2009)

CITIGROUP GLOBAL MARKETS, INC., formerly known as Salomon Smith Barney, Inc., Movant-Appellee, v. Debra M. BACON, Respondent-Appellant.

United States Court of Appeals, Fifth Circuit.

March 5, 2009.

Attorney(s) appearing for the Case

Andrew R. Harvin (argued), Doyle, Restrepo, Harvin & Robbins, Houston, TX, for Movant-Appellee.

Braden Wheeler Sparks (argued), Dallas, TX, for Respondent-Appellant.

Before JOLLY, BARKSDALE and HAYNES, Circuit Judges.

E. GRADY JOLLY, Circuit Judge:

An arbitration panel ordered Citigroup Global Markets to pay Debra Bacon $256,000. Citigroup moved the district court to vacate the award, and the district court obliged on the basis that the arbitrators had manifestly disregarded the law. On appeal, we consider whether manifest disregard of the law remains a valid ground for vacatur of an arbitration award in the light of the Supreme Court's recent decision in Hall Street Associates...

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