Marshall & Co., Inc. v. Duke

This is an appeal from a district court judgment confirming an arbitration award entered under the National Association of Securities Dealers arbitration procedures. The arbitration panel denied all the claims of the appellants’ securities customers against the appellees securities firms and individual brokers (“the brokers”), for alleged violations of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), the federal RICO statute, 18 U.S.C. § 1964, and their fiduciary duty under the Georgia law. The panel then awarded the brokers substantial attorney’s fees and costs. The case came before…