Legal Opinion
Sarofim v. Trust Co. of the West
Court of Appeals for the Fifth Circuit
Decided February 8, 2006No. 05-20309PublishedCited by 39 opinions
1Opinion of the Court
BENAVIDES, Circuit Judge:
The Appellant, Trust Company of the West (“TCW”), asks this Court to vacate an arbitration award for punitive damages. TCW argues that the arbitrators manifestly disregarded applicable law and violated public policy in granting the award. We disagree and hold that vacatur is not required. Therefore, we affirm.
I. FACTUAL AND PROCEDURAL BACKGROUND
In July 2000, the Appellee, Valerie Biggs Sarofim (“Sarofim”), invested approximately $12.7 million with TCW, an investment company. The vast majority of the money went into TCW’s Concentrated Core Portfolio, which consisted of…
2Cases cited16 opinions
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- W. R. Grace & Co. v. Local Union 759, International Union of the United Rubber, Cork, Linoleum & Plastic WorkersSupreme Court of the United States · 1983
- Moncharsh v. Heily & BlaseCalifornia Supreme Court · 1992
- Bridas S.A.P.I.C. v. Government of TurkmenistanCourt of Appeals for the Fifth Circuit · 2003
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3Cited by39 opinions
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- Leeward Construction Co. v. American University of Antigua-College of MedicineCourt of Appeals for the Second Circuit · 2016
- Astanza Design, LLC v. Giemme Stile, S.p.A.District Court, M.D. North Carolina · 2016
- Webster v. A.T. Kearney, Inc.Court of Appeals for the Seventh Circuit · 2007
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