Legal Opinion
In Re the Arbitration Between Hunter, Keith Industries, Inc. v. Piper Capital Management Inc.
Court of Appeals of Minnesota
Decided March 17, 1998No. C3-97-1796PublishedCited by 6 opinions
1Opinion of the Court
OPINION
LANSING, Judge.
Piper Capital Management Incorporated and Piper Jaffray, Inc. (Piper), appeal from a judgment confirming an arbitration award of $1,000,000 in punitive damages. The punitive damages were awarded in a National Association of Securities Dealers (NASD) arbitration commenced by Hunter, Keith Industries, Inc. (Hunter, Keith). We reject Piper’s argument that the punitive damages were awarded in manifest disregard of the law or in violation of public policy.
FACTS
Hunter, Keith appointed Piper as investment manager for its qualified ERISA profit sharing plan. The plan covered…
2Cases cited35 opinions
- Rodriguez De Quijas v. Shearson/American Express, Inc.Supreme Court of the United States · 1989
- Massachusetts Mutual Life Insurance v. RussellSupreme Court of the United States · 1985
- Varity Corp. v. HoweSupreme Court of the United States · 1996
- Mertens v. Hewitt AssociatesSupreme Court of the United States · 1993
- Wilko v. SwanSupreme Court of the United States · 1953
30 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Seagate Technology, LLC v. Western Digital Corp.Court of Appeals of Minnesota · 2013
- Aaron v. Illinois Farmers Insurance GroupCourt of Appeals of Minnesota · 1999
- EEC Property Co. v. KaplanCourt of Appeals of Minnesota · 1998
- Phillips v. DolphinCourt of Appeals of Minnesota · 2009
- Jeffrey M. Davies v. Waterstone Capital Management, L. P.Court of Appeals of Minnesota · 2014
1 more not listed; retrieve them via the Exa API.