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Justices Urged To Tackle Arbitral 'Manifest Disregard' Split

By Allison Grande ( August 23, 2024, 10:10 PM EDT) -- A former Morgan Stanley financial adviser is asking the U.S. Supreme Court to review an appellate panel's refusal to toss the bank's arbitral award and revive his $13.7 million counterclaims, arguing that the dispute presents the ideal vehicle to resolve the "clear" circuit split over whether "manifest disregard of the law" remains a valid ground for vacating such awards. ...

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