Merrill Lynch Futures, Inc. v. Sands

The defendant, David S. Sands, appeals the decisions of the Superior Court {Lynn, J.) denying his motion for correction, modification, or vacatur of a securities arbitration award and his motions for discovery sanctions. We affirm.

From 1981 to March 1993, the defendant maintained a commodity futures account with the plaintiff, Merrill Lynch Futures, Inc. (Merrill Lynch). On January 18, 1993, the defendant discussed with a Merrill Lynch broker the possibility of “shorting” lumber futures. See United States v. Dial, 757 F.2d 163, 164-66 (7th Cir.), cert. denied, 474 U.S. 838 (1985) (general…