Izhar Shefer, Petitioner v. Morgan Stanley Smith Barney LLC, et al.

24-192

November 04, 2024
Justices Nix Ex-Adviser's Manifest Disregard Challenge

The U.S. Supreme Court on Monday turned away a petition asking it to resolve whether the Eleventh Circuit wrongly nixed an ex-Morgan Stanley financial adviser's bid to vacate an arbitral award favoring his former employer on the grounds that the panel manifestly disregarded the law.
September 23, 2024
Ex-Adviser Can't Seek Due Process Update, Justices Told

A Morgan Stanley unit on Friday urged the U.S. Supreme Court not to tackle a purported circuit split over whether "manifest disregard of the law" remains a valid reason for vacating an arbitral award, arguing that a former employee missed his chance to press the argument in the lower courts.
August 23, 2024
Justices Urged To Tackle Arbitral 'Manifest Disregard' Split

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.