CA1: Arbitration award vacated

Kashner Davidson v. Mscisz, No. 07-1231 (6/27/08).  Want to see what a vacation of an arbitration looks like?  Look here.  The arbitration panel flip-flopped on whether its dismissal of counterclaims was a sanction or on the merits.  The First points out that the arbitrators did not even take NASD’s arbitration rules serious regarding sanctions, by not considering lesser sanctions.

You know... you would think the guys that serve as arbitrators would have known better.