Lance Wise and Nancy Wise v. Wachovia Securities, Llc, and Nasd
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
Lance and Nancy Wise appeal from the district court’s refusal to set aside a decision by a panel of arbitrators that denied them relief. Before proceeding to the merits, we must consider a jurisdictional question mishandled by the parties and the district court. The jurisdictional statement in the plaintiffs’ brief bases federal jurisdiction on the Federal Arbitration Act, period. But the Act (9 U.S.C. §§ 1 et seq.) confers federal jurisdiction in cases involving arbitration only of disputes that, were they litigated rather than arbitrated, would be within federal…
2Cases cited27 opinions
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
- Carden v. Arkoma AssociatesSupreme Court of the United States · 1990
- Budinich v. Becton Dickinson & Co.Supreme Court of the United States · 1988
- Bernhardt v. Polygraphic Co. of America, Inc.Supreme Court of the United States · 1956
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